IS TESLA MOTORS WORTH $50 OR $500? $TSLA $NFLX $TWTR $SCTY
Wednesday, after the close, Tesla Motors reported earnings. The results were impressive by any measure, and projections were in line with our expectations. However, in the aftermarket, the stock fell as the reported numbers were below the whisper numbers. The earnings report and the conference call provided a lot of details, but these details are simply noise, both from the perspective of the long-term investor and the short-term trader. So, where does that leave us regarding price?
The chart
Let us start out by taking a look at the daily chart.
Please click here for the annotated chart.
The chart shows that Tesla TSLA stock was already in a downtrend prior to the earnings release.… Please click here or the title below to read more.
May 12, 2014