Dead Battery

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The last seven or eight Tesla (TSLA) predictions I’ve made have panned out. I’m going to offer another one. I think Tesla, which is already down 30% from its peak, is just going to keep falling. It has broken an important trendline and although it’s been clinging to it (or dancing around it; whatever anthropomorphic activity you’d like to offer the price data), it seems to me the damage is done.

slopechart TSLA

The longer-term view illustrates the vulnerability more plainly.

slopechart TSLA

Hey, but at least the stock price is a total bar-goon, right?