Tesla fell from $900 to $540 (a full 40%) from January 5 to March 5. That’s quite a drop! Recently it has bounced as high as $717, but I think that’s about all it’s going to get. My view is that the electric car craze is going to calm down for a while.
This presumed weakness extends far beyond Tesla, of course:
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.