Tesla’s Storm Clouds

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Over the long haul, there’s no arguing that Tesla has been anything but an incredible stock, having moved up many, many hundreds of percent:

(Click on image to enlarge)

slopechart_TSLA

Shorter-term, however, things are starting to look ugly. The company has lost one-quarter of its peak market cap, and between the company’s inability to crank up Model 3 production, the terrible accident caused (perhaps) by their AutoPilot technology, and their oppressive capital structure, gravity’s pull is clearly working. I’m both short the stock and long some June puts. Even on a day like today, on which the Dow is flying about 300 points higher and equities are up across the board, Tesla is bleeding:

(Click on image to enlarge)

slopechart_TSLA (1)

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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