• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days Does Toyota Know Something That We Don’t?
  • 2 days America should go after China but it should be done in a wise way.
  • 8 days World could get rid of Putin and Russia but nobody is bold enough
  • 10 days China is using Chinese Names of Cities on their Border with Russia.
  • 11 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 11 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 10 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 11 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 13 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 11 days Putin and Xi Bet on the Global South
  • 11 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Martin Tillier

Martin Tillier

More Info

Don’t Count On The Usual Tesla Bounce This Time

I have written occasionally here about Tesla (TSLA). While the relationship to the energy market and sector is a tenuous one, it is a fascinating stock that has produced a lot of trading opportunities over the last couple of years. What has made it so is that it has moved in a somewhat predictable manner, but the movement has been based on factors other than the fundamentals or prospects of the company. Based on the news this week though, the party may be coming to an end.

TSLA has been volatile for a while. That is the result of sentiment swinging between two extremes. At times the market has focused on the enormous potential of a company with an appealing mission and vison and a great product line, while at others the reality of earnings, or rather the lack of them, has taken precedence. Each time that has happened though, the company’s CEO Elon Musk has released some information or made a comment that reassured the bulls and caused the stock to climb back.

As you are probably aware, TSLA has taken a major hit after it became known that the SEC is suing Musk and requesting that he be barred from being an officer of the company. That would be a blow to any company, but to Tesla, where many shareholders are more “true believers” than rational investors, it could trigger major losses.

(Click to enlarge)

There are signs this morning that the stock is bouncing back to some extent. It has gained a few dollars since opening around…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News