I’ll preface this by saying what I often say about Tesla: I think they are likely to be the most valuable company on the planet before this decade is over. Having said that, however, short-term, I think it has shot its proverbial wad for now.
The Fibonaccis have been powerful, and I suspect the price we’re seeing now is merely another “lower high” for the record books.
I’ll also share with you, hot off the digital press, the latest John Oliver from last night which features Mr. Musk: