@MurrayBulwer:$Tesla Motors(TSLA)$ I agree with the bears that Tesla is headed lower. It’s not all bad news. Tesla is profitable. Their margins should go up. The cyber truck is now in production. Shorting Tesla is risky. It’s not a straight path down. It comes in waves. It’s stressful watching Tesla go up while the time premium on a put evaporates. And then there could be good news. A sudden increase in gasoline prices. It’s possible TSLA will hit $185 before heading lower.
@MurrayBulwer:$Tesla Motors(TSLA)$ I agree with the bears that Tesla is headed lower. It’s not all bad news. Tesla is profitable. Their margins should go up. The cyber truck is now in production. Shorting Tesla is risky. It’s not a straight path down. It comes in waves. It’s stressful watching Tesla go up while the time premium on a put evaporates. And then there could be good news. A sudden increase in gasoline prices. It’s possible TSLA will hit $185 before heading lower.
Invest with Tiger Brokers and get NZ$50 cash bonus! *
Find out more here:Invest with Tiger Brokers and get NZ$50 cash bonus! * Sign up and fund your account using my referral link to get NZ$50 cash bonus. & Enjoy up to 4 Transaction Fees and fees for exchanging up to NZ$2000 waived for US or AUS stocks every month thereafter. T&Cs apply.