WOW! From Barron's -Tesla Stock Is Dead Money. AI Day Won’t Change That.

[TruckElectric]

Tesla Stock Is Dead Money. AI Day Won’t Change That.

By
Al Root
Aug. 19, 2021 8:23 am ET


Tesla’s highly anticipated artificial intelligence day might not be enough to snap the stock out of its recent trading range. For that to happen, bullish investors might have to wait until early 2022.
Tesla (ticker: TSLA) stock is down about 1.6% in premarket trading Thursday, which looks to be another tough day for the market. S&P 500 and Dow Jones Industrial Average futures are down 0.8% and 0.9%, respectively. The S&P dropped 1.1% Wednesday.

SOURCE: Barron's


Al Root not a Tesla fan I guess.......LOL

 

[Frank W]

Once again more FUD! TSLA loooong, just sayin. ?

 

[Friday]

Lather, rinse, repeat.................2014.

Someone is still heavily shorting TSLA in the inner circles.

Barron's is a magazine..........that's dead money and trees right there. Barron's is published by Dow Jones & Co. owned by News Corp.

 

[TruckElectric]

Someone is still heavily shorting TSLA in the inner circles.

The news about the autopilot investigation is really the culprit in downward spiral of the stock price. The shorts are merely taking advantage of an opportunity.

The stock will rebound and the shorts will walk away with a wad of cash.


That news about Amazon from 2014 is too funny, but was a common headline back then.

CNBC Squawk Box had an on going trick they would play on a stock analyst guest that was not in the studio but via a video connection . While the analyst would give a negative about Amazon they would play a recorded video of Jeff Bezos laughing, the analyst thinking he was actually there. I saw them do it more than once.....LOL

 

[Crissa]

When you're near a price peak, there's not going to be much velocity. It'll be a slow burn stock with glides down whenever bad news hits for the next few months, yes.

Which if you're looking for a get rich quick, well, it's not going to do that this year. It will just slowly ratchet up as it becomes clear Tesla has a path their competitors don't.

-Crissa

 

[Frank W]

In other news I see that NIO is also dealing with some issues.

https://www.scmp.com/business/china...volving-nios-autopilot-function-sparks-online

 

[jerhenderson]

I'll believe wall street when it demonstrates integrity and practices ethics.

 

[TruckElectric]

I'll believe wall street when it demonstrates integrity and practices ethics.

I feel the same about most in D.C. or in government.

 

[Frank W]

 

[Ogre]

We kind of expected the coverage and reception around AI Day to be this stupid.

 

[SwampNut]

How much of my GME should I move to TSLA?

 

[Frank W]

How much of my GME should I move to TSLA?

How much conviction do you have in GME as a company?

 

[SwampNut]

None, I just did it for the anarchy. But I also don't understand TSLA's over-inflated valuation, so to me, both are just a craps game.

 

[Frank W]

I’m very optimistic on which direction the company is going.

 

[SwampNut]

I'm not a gamer, and have no clue about that market. All my GOOD investments have always been in company's whose markets I understand (say, Cisco, and things like that). I personally have no idea why Gamestop exists at all.

That said, I hear from people who understand their demographic that they have a lot of potential. So I'm in for like $8k, gambling money.