TSLA Crashes to $5 per Share

[vanzandt]

Everyone knows it will crash sooner or later.

Not me.

See how it went from a low of $161ish on Friday's bad news to a $177 close today? It's screaming "short me!"

The problem is, no one has the nerve to short it. Because if they do, they know the next stop will be $189. And if more shorts jump in there.... $207.

The beast is hungry. It's devoured all the the low hanging fruit and it hasn't eaten in awhile. But it wants to feast. No one will join the party for now, so odds are it'll head back to the $168 --- $172 range where I suspect a few brave martyrs will learn their lesson too.

TSLA is not going down until every short is dead. But it'll play this ratchet game (even with a downward bias) for months on end. And when it gets low enough assuming a downward bias, Sir Elon will surprise with something, and you'll see a HUGE, short murdering, gap up---- then the game resets and it's rinse, wash,repeat.

At an absolute minimum.... $141.75
It won't go below that.

 

[NoahA]

Who gives a shit, the question does
Anyone have balls to short TSLA????

Yes... too many fanboys. Even this little rally now is a surprise when you consider the desperation of the Robotaxi unveiling in August. Once this becomes vaporware, hopefully at that point it will be obvious that Tesla has nothing left.

 

[vanzandt]

Yes... too many fanboys. Even this little rally now is a surprise when you consider the desperation of the Robotaxi unveiling in August. Once this becomes vaporware, hopefully at that point it will be obvious that Tesla has nothing left.

See my post above.
Not a fan-boy... just market astute.

 

[RedDuke]

Not me.

At an absolute minimum.... $141.75
It won't go below that.

Wrong, there is no such thing as absolute min. Tesla had 2 split 5x and 3x so the price
Pre pandemic splits is about 2,600 currently. It absolutely CAN go lower than 141.

 

[RedDuke]

Yes... too many fanboys. Even this little rally now is a surprise when you consider the desperation of the Robotaxi unveiling in August. Once this becomes vaporware, hopefully at that point it will be obvious that Tesla has nothing left.

exactly. It will fall, just not my cup of tea to short.

 

[vanzandt]

Wrong, there is no such thing as absolute min. Tesla had 2 split 5x and 3x so the price
Pre pandemic splits is about 2,600 currently. It absolutely CAN go lower than 141.

I guess time will tell then won't it?
It's not a stock... its an algo.

 

[RedDuke]

I guess time will tell then won't it?

it will. Will you buy at 130?

 

[vanzandt]

it will. Will you buy at 130?

No... because it won't get there. But pencil me in at $141... and sacrifice a few goats and chickens so it does get there and we can all ride it back up again.

 

[NoahA]

exactly. It will fall, just not my cup of tea to short.

Me neither. Look at this recent video.

Edit.... not loading... try this link....... vimeo.com/932562717/5fb3189771

The comments claim that it is a fake kid. Sure, but this still means the car can't recognize a moving object. That could be a deer instead. Who wants to sit in an automated car that can't avoid something running across the road??

The robotaxi is an interesting development. It means that either the software is shit and this will become apparent, or this new car will have more sensors, like a Waymo, which means that no other Tesla will ever be able to drive itself. So Tesla really shot themselves in the foot with this announcement if you ask me. They boxed themselves in a corner, trying to buy time, but it will all fall apart some August.

 

[vanzandt]

No... because it won't get there. But pencil me in at $141... and sacrifice a few goats and chickens so it does get there and we can all ride it back up again.

My bad... $141.75.