Short, short, short and make easy money. This company is doomed, they have serious operating cash flow problems and their demand is falling even below the disastrous Q1 results. No answer from Musk who wants an additional new 10% of shares (310 million) for destroying Tesla.

Tesla to Spend More Than $500 Million to Expand Supercharger Network, Musk Says. The Stock Rises

Tesla stock was rising in premarket trading Friday after CEO Elon Musk said the electric-vehicle company would be spending "well over" $500 million to expand its Supercharger network.In a post Friday on his social media platform X, Musk said Tesla would be creating "thousands of NEW chargers this year. That's just on new sites and expansions, not counting operations costs, which are much higher.". The announcement from Musk follows reports last week that said Tesla was cutting its Supercharger team of around 500 people.The gains for Tesla Friday put the stock on track to halt three consecutive down days.Shares rose 1% in premarket trading to $173.66, while S&P 500 and Nasdaq Composite futures both were rising 0.4%.Coming into Friday, Tesla stock has fallen about 5% for the week with drops on Tuesday, Wednesday, and Thursday.
Tesla to Spend More Than $500 Million to Expand Supercharger Network, Musk Says. The Stock Rises

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • Top
  • Latest
  • CashCity
    ·05-10
    TOP

    Q2 going to be even worse! Tesla might go below $100 and do a reverse stock split

    Reply
    Report