Elon Musk is in “Bonkersland”?

Discussion in 'The Thunderdome' started by Tenacious D, May 25, 2018.

  1. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Any chance someone is manipulating this? I don't know enough about stocks to know warning signs on this.
     
  2. TennTradition

    TennTradition Super Moderator

    No, unlikely. This can happen when there is a lot of short interest in a stock (haters) but also positive results and fans. The shorts come in then have to buy to cover on good news. That boosts it up. Repeat. Maybe once everyone is convinced it’s going to 2009 it will finally settle down.

    I swear there was a rotation today from oil into Tesla.
     
  3. Volst53

    Volst53 Super Moderator

    I wonder if all of the electric car ads on the Super Bowl helped push it too.

    Pretty clear that's the push from car companies
     
  4. TennTradition

    TennTradition Super Moderator

    The only thing that will stop electric car proliferation is stalling of cost reductions in batteries. But I don’t think we’ll see that.
     
  5. gcbvol

    gcbvol Fabulous Moderator

    They're the early future and Tesla has pulled them all along by proving mass market viability.
     
  6. gcbvol

    gcbvol Fabulous Moderator

    It continues.
    [​IMG]
     
  7. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Last 5 days has moved like $400. That's a bubble.

    If this wasn't Tesla, I'd say someone doing a pump and dump.
     
    NorrisAlan likes this.
  8. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    Who in their right mind is buying this at $900? That is insane.
     
  9. gcbvol

    gcbvol Fabulous Moderator

    Yep, and it's going to pop. Too much, way too fast.
     
  10. Ssmiff

    Ssmiff Went to the White House...Again

    Tesla is taking preorders on their spaceship looking 50k car. Wonder if that has anything to do with it.
     
  11. gcbvol

    gcbvol Fabulous Moderator

    This article lists key reasons for recent surge. Doesn't mean they're commensurate with current price, just some of the 'why'.
    Here’s Why Tesla Stock Just Surged Past A Record $900 Per Share

     
  12. gcbvol

    gcbvol Fabulous Moderator

    I think this qualifies as a pop. At minimum it's a big leak.
    [​IMG]
     
  13. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I didn't have the balls to short it. Still don't. But it is gonna head back to 6ish range.
     
  14. gcbvol

    gcbvol Fabulous Moderator

    I can see it, but think it will stabilize closer to 7. Maybe 680ish.

    Understand the short trepidation. TSLA is just a weird ass stock.
     
  15. IP

    IP Super Moderator

    talking about the present reality of electric vehicles to people, it is apparent that most don't realize how competitive and practical they are right now. some still think this is future shit. So while I wouldn't drop 700 to get a share, I don't think it is the craziest thing one could do either if you aren't gonna need that money for awhile.
     
  16. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I feel we're still a decade away. Tesla got us that close.

    Until gas stations along the interstate work out charging, they just aren't practical outside the city.

    And cities have public transportation.
     
  17. Volst53

    Volst53 Super Moderator

    I don’t ever buy single stocks but as just a technology company I believe in him and his company long term.
     
  18. droski

    droski Traffic Criminal

    short squeeze
     
  19. droski

    droski Traffic Criminal

    if you are short the stock and don't have enough money to cover your losses you have to buy it wherever it's trading.
     
  20. NorrisAlan

    NorrisAlan Founder of the Mike Honcho Fan Club

    "Bla blah, blah blah blah. Gorbal de gobledy, glorble da flibbity."

    That's what I read.
     
    droski likes this.

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