Tesla Stock Is Crashing – And the ‘Dumb Money’ Is Buying the Dip

Tesla stock has plunged more than 20% from its highs this week. Even as Wall Street analysts warned about the bizarre disconnect between share price and fundamentals, Robinhood traders went all-in. They’re about to learn the hard way about the counterintuitive effects of a “short squeeze” and the inevitability of mean reversion. After doubling its […]

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Tesla Smashes Expectations as Giddy Wall Street Signals $2,000

Tesla reached four consecutive quarters of profitability, which means it is now eligible for the S&P 500 index. Wedbush Securities executive Dan Ives says a $2,000 bull case for the carmaker is now likely. China is considered as a constant catalyst for the stock in the upcoming months. In the second quarter of 2020, Tesla […]

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Tesla Bears are Toast as the Company Reports a Full Year of Profits

Tesla Motors hit $2.18 on earnings (ex-items), Revenue reached $6.04 billion against $5.37 billion expected. The company is now eligible to join the S&P 500 Index. Shares of Tesla Motors (NASDAQ:TSLA) are jumping higher after-hours. The company reported its quarterly earnings—and it was a massive beat. The Bright Side of Tesla’s Earnings On the surface, […]

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Tesla Will Top Toyota as World’s Largest Automaker, But It Won’t Last Long

Tesla’s valuation is now within 5% of Toyota Motors, the gargantuan player in the space. The electric-car company will likely de-throne Toyota soon. However, one indicator suggests Tesla may take a breather first. Markets have a love-hate relationship with Tesla Motors (NASDAQ:TSLA). The electric car maker is either a market darling or out of favor. […]

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Elon Musk Looks Foolish as Tesla Cuts Salaries After Dumb Coronavirus Tweet

A month ago, Elon Musk tweeted that the panic over the novel coronavirus is dumb. Now, Tesla is implementing cost-cutting measures. Tesla’s shares have also nosedived since Musk’s infamous tweet. In March, Tesla chief executive Elon Musk downplayed the coronavirus threat and tweeted that the panic over the virus is “dumb.” A month later, the […]

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Clueless Bureaucrats Blame Apple for Tesla Driver’s Stupidity

NTSB thinks Apple should shoulder some of the blame in a fatal Tesla Model X accident. The victim in the Silicon Valley freeway accident was playing a video game on a mobile device. It’s ludicrous to blame Apple for a distracted driver’s stupidity. Regulators make unintelligible decisions and incoherent statements all the time. But in […]

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Is There Any Truth to the Tesla-Bitcoin Parallels?

Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020, a new narrative has emerged: Tesla stock is—apparently—the new bitcoin. But is there any truth to this beyond a trivial analytic link? The […]

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Larry Ellison’s $1 Billion is Better Off Parked in Tesla Than Oracle

A little over a year since joining Tesla’s board, Larry Ellison’s stake in the electric car maker is up $600 million. The Oracle founder became Tesla’s independent director at a time when the firm was suffering a crisis. With Tesla now up 30%, some analysts are beginning to urge caution. Oracle (NYSE:ORCL) founder Larry Ellison […]

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