Tesla's Earnings: Flufferbot

I was looking forward to the Tesla earnings after the close yesterday. Legions of bulls and bears were on either side, preparing for battle – and some kind of shock. So, the earnings came out and… nothing.

Seriously. It was incredible. Although the stock bounced around some at first, after a little while, it was just a few pennies from where it was at its multi-hundred dollar close. It was about as exciting an after-hours session as a public utility company’s earnings report.

And then... the conference call. Which, you’ve probably already heard, was insane. Maybe Musk is losing his mind, or just has stopped caring about the common people which haven’t been worshipped into deities like him, but he was going wiggy about completely sensible questions.

questions

Well, ya know, analysts are funny about being given the cold shoulder. It doesn’t do wonders for their desire to support the stock.

downsss

And what’s been going on isn’t just a blip either. The stock has lost 30% in a mere seven months, and the failed bullish breakout is a monster. Musk has been taunting and berating the shorts for their foolishness. Now… not so much.

(Click on image to enlarge)

slopechart_TSLA

He might want to consider mass-producing the Flufferbot he was bemoaning on the conference call. It sounds like a perfect anecdote for a lonely day trading.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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