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A Logical Move From An Inconsistent Tesla

Surprise, surprise, Tesla (TSLA) is in the news this morning! There have, to this point, been very few things about Elon Musk’s electric car company been consistent, but newsworthiness is definitely one of them. This time the news in question is more along the lines of a conventional business story, and that is why, even though it has caused TSLA to open up this morning over seven percent lower than yesterday’s close, over time that drop will prove to be an opportunity, not a warning.

That was typical of the normal “non-news” news that has surrounded the company until now. We should have guessed at the time of the original post that the supposed agreed price of $420 was significant, and subsequent footage of Musk puffing on a joint while being interviewed has led to an obvious conclusion. Whether the tweet was cannabis-fueled or not, however, is not the point. That incident was yet another example of Musk saying something supportive of TSLA and the market reacting, a tendency that has made life very frustrating over the last few years for those who have shorted the stock.

Despite the vulnerability to a tweet or two, the reasons for doing that are pretty clear and compelling. Tesla has a range of spectacular products, continues…





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