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It's never impossible for Stock to go to a certain price. Let's say for example: December 2019 comes, in a rush to get their self-driving released by the end of
by Traster 7y ago
It's never impossible for Stock to go to a certain price. Let's say for example: December 2019 comes, in a rush to get their self-driving released by the end of the year. They push out the 'update' and the next day 5 drivers are dead. Engineers start to come out and whistleblow. Suddenly the self-driving play is dead, you've got huge legal liabilities coming down on the company, an acquisition is impossible because no company wants to write a blank check on that liability. So Tesla's got some factories, assets, decent cars but the prospect of self-driving is gone and everyone is waiting to see what that looks like. That could easily see the stock sink to single digits. Eventually the law suits would play out and it'd either go bankrupt and be picked apart, or it'd get acquired eventually. I'm absolutely not saying this is likely, but there are always ways a stock can get to $10.