Facebook was the big earnings “event” this evening, and after a huge pop to never-before-seen highs, it gave all those up and have flipped into the red. Those buying the stock hoping for wild riches from high tech earnings might want to get a time machine to send them back five years. The party’s over.
Perhaps the same can be said for Tesla. Personally, I placed my deposit for the Model 3 years ago, and I haven’t heard a peep. i don’t think they’re telling the story on just how badly behind they are on this vehicle, and every single big car maker out there is going full speed to grab the electric car market. Tesla’s dropping the ball.