Today, I will speak about electric cars, Tesla stocks and how rivalry makes car producers cut down on the terms of preparation for serial production.
Tag: tesla inc
Tesla (NASDAQ: TSLA) has been downtrending since December, having lost around 48% so far. In early May, in another Tesla stocks review, we mentioned the short position percentage had been around 25%. Now, it's already 28.12%, and every single day, the negative sentiment increases. When the stock was above $300, there was not so much of negative forecast; currently, both the leading banks and analysts are downgrading Tesla's rating. Some even say the company may get restructured, and call Elon Musk a scammer, probably just to make their short positions more effective.
With the company finally getting its first profit, building new units and expanding the business, well, here we are: after reaching $380, the stock went severely down! The short positions in Tesla (NASDAQ: TSLA) are already over 25%, while when the company reported large losses, the stock surprisingly soared. Around two months ago, in the previous Tesla stocks analysis we said it might have reached the top, and now it looks like our expectations came true.