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.
The longer-term view illustrates the vulnerability more plainly.
Hey, but at least the stock price is a total bar-goon, right?