TSLA Crashes to $5 per Share

ET180 said:
Oil prices down, global recession, China lockdowns probably hurting a growth market there, for a megacap tech company, it's held up ok.
More...

Well, it is down 62.53% over the last 409 days. It's down 47% in 78 trading days since its last split marked close to close.

Daily chart shows a stock under massive, massive distribution with far more down days on well above average volume than up days on above average volume.

I'm not sure I'd agree that it is holding up ok.

upload_2022-12-14_22-55-9.png


Since TSLA didn't hold $165, I'm looking at $140 give or take. If $140 doesn't hold then she's going to par and will need to hold within -3 points of par or then it really is over.
 
TrailerParkTed said:
to me is hinting the downward move might be slowing down
More...

At some point there will be reactions against the trend. I did say it will probably take 12 to 18 months for this crash to $5. If the market itself goes tapioca, then it could happen much faster. Musk himself has been a big seller. When are Tesla's Q4 earnings reported? 4 to 6 weeks from now. He'll have to stop for at least 12 days soon, right? 10 before and 2 after at a minimum, and more depending upon Tesla's own by-laws.
 
schizo said:
Not sure about TSLA joining the league of penny stocks, but Musk needs to shut his trap. Such an attention whore.
More...

No point blaming musk. He has always tweeted crap and said the stock was way overpriced.
Any investor who didn't take profits at above $1Trillion market cap only has themselves to blame. What were they waiting for 2Trillion, 3 Trillion?. If so they got greedy.
 
Businessman said:
No point blaming musk. He has always tweeted crap and said the stock was way overpriced.
Any investor who didn't take profits at above $1Trillion market cap only has themselves to blame. What were they waiting for 2Trillion, 3 Trillion?. If so they got greedy.
More...
So are you buying now?
 
You must log in or register to reply here.
Back
Top