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It's not scaremongering exactly, just a normal bump in the road for a publicly traded company, particularly early on. Tesla still has to prove itself and it fac
by bitops 13y ago
It's not scaremongering exactly, just a normal bump in the road for a publicly traded company, particularly early on. Tesla still has to prove itself and it faces tremendous resistance from the incumbents (read: every other car manufacturer out there, except maybe Toyota, but that's my personal opinion).
More likely it's just bad timing. This week we have a shutdown of the US gov't, and there's a video of a Tesla car on fire. Combine these with one analysts pessimism and it's easy to see why the stock would fall.
Remember Peter Lynch's advice from "One Up on Wall Street" - if the price drops but the fundamentals are still good, hang on or buy more.