Sell Your Tesla

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This is just a simple thought: Tesla has, over the past six months, changed from a beautiful “buy” to a screaming “sell”. I’ve marked the arrow at the point where it made sense to buy the stock. I have been gushing with praise about Tesla, both the company and the vehicle, on Slope ever since early this year. I took delivery of my own Model S in February, and it’s by far the best car I’ve ever owned. But this is a company with a $20 billion market cap that’s projected to sell a total of 25 thousand cars this year. The trading volume alone should tell you this is just a stock-buying orgy and not anchored in reality. I wouldn’t short it, but I sure as hell wouldn’t hold on to my shares either.

0628-TSLA