Back to recent buy point after a harsh bogus report but price didn't reverse and hard to tell where it will go from here.
$TSLA
- Thread starter Phill Twist
- Start date
Strange was expected a rise after Fed kept rates stable. Oops . whole market just kept going like nothing ever happened lols
Through 223 could go a bit
Tesla is approaching area of rest and potential upside trade is looming but cautious is needed
lets see how much of their clients money MS and Fidelity lose. Their MMs should be fired for buying into this garbage.
2.5% away from you officially getting played if you sold at the recent downslide.
It has nothing to do with a stock, at this point of time, it is just a single event. It is not like Tesla is making total car recall. Every year we have massive car recalls from various automakers for various reasons. Volkswagen air remission, air bags failure, 2010-2011 Toyota's big recall about engine shutting off while driving just some of them.
This single event is not going affect Tesla sales number. With time there going to be more Tesla cars on the road, more Tesla cars means more accidents involving Tesla. The question is How many people have to suffer from accidents before the Government starts looking into it to set the regulations for this type of driwing? What is Tesla liability in all of this? What about third party software? What about companies produsing various sensors and cameras?
Tesla stock will have problem when insurance companies will tell they have to double or triple autoinsurance on Tesla cars becuase of unclear reglations.
This should push our legislators to set the rules and regulations for a new industry. Otherwise the industry will not be able to progress further. There is a lot of legal questions to be answered and it will take a lot of time until we will have regulation about autopilot driwing.