Let me start by saying a few things:
- I think it’s going to be a long, long time before TSLA gets above its high of $195.40 this year;
- The stock is basically a short-seller’s dream at this point, since ultimately I think it’s going to work its way back down to $45 or so;
- But at the moment, I think it’s probably not going to get much lower than about $128, plus or minus a few bucks, before bouncing back to around $160
And that’s all I’ve got to say about that.
