Although most of you are clued into this already, let me say at the outset I want nothing but good things for Tesla (TSLA). $400. $500. $1,000. You name it! To the moon, baby! But allow me to comment on this weekend’s giddiness about the first Cybertruck rolling off production lines……..
As you can see, the acne-laden 18 year olds over at /WSB were convinced that this was somehow a great reason to buy stock, which expressed itself fully in the big pop TSLA had at the opening bell. Well, you can see how that’s going so far.
My view is that, in the weeks to come, TSLA is vulnerable down to as low as about $210 or so. They report Wednesday after the close, so this is going to be an interesting week, to be sure.
