TSLA Crashes to $5 per Share

vanzandt said:
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.
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OK. Follow your conviction.

Personally, I doubt it will crash that badly. It will just go down slowly.
Sooner or later, BYD (or other Chinese EV makers) will flood the US market.
There are probably > 50 EV car makers in China.
Nowadays, making EV cars is a no-brainer. It is not a niche/specialized market.
 
RedDuke said:
Absolutely not, this stock makes widows. But it will crush one day, not smart enough to know when …
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And that's my point here. At its high, if there had been no splits, it was approximately $6000/share. Now its about $2600 and still way overpriced for a car company, so yes in that sense it should see at least another halving, ---> $87.50 easy. But this stock is not going to do that. Why? Because it's not a stock, it's a number derived by the deepest of pockets battling it out with some of the most powerful computers in the world.

You've seen DJT right? It too is worthless, and that one probably will go to $5... but compared to TSLA, the algo's running that game are primitive compared to the ones running the tsla game. They're feeding off of retail idiots. But TSLA... each week 100's of billions of dollars get traded in TSLA options. Options that expire weekly. There is no way in the world one side will win the battle with an overwhelming victory. And it's not just two armies battling it out, it's several. Retail players are amoebas in this tank. And that's why, it won't come crashing down. It has nothing to do with fundamentals. News events are merely mechanisms to adjust the game board. The chess-master however... is Elon... and you can bet, in the end, he will always win. Again, not a quote unquote fan-boy... but certainly a fan. Never sell that man short. He's a traveler.
~vz
 
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