Looks like Saint Elon Musk, who for so long has been the Patron Saint of all that is righteous and good when it comes to the automobile for many Wall Street types, star is tarnishing.
Tesla's Moment Of Truth Is Approaching
Tesla (TSLA) is an extraordinarily innovative company that has achieved amazing results in several sectors in a relatively short time frame. Let's face it, if it weren't for Tesla, EVs would still be limited to the likes of the Leaf and the Prius. The company also has achieved some remarkable feats in power generation and energy storage. Tesla is a company that looks to the future and shows us that things could be done smarter, more efficiently, and better than the current status quo can offer. But despite Tesla's drive to continuously move forward and push the envelope on what's possible, the company remains plagued by numerous problems.
It is easy to write these off as mere transient issues that will easily be offset and eclipsed by the company's amazing products and stunning growth. However, Tesla is a publicly traded company with a fiduciary duty to its shareholders. Therefore, any significant issues facing the company that could cause the share price to decline significantly should be carefully examined, especially for anyone thinking of investing in the stock.
I have been bullish on Tesla for a long time, have been long its stock for most of the time throughout the last five years, and I continue to think that Tesla will be worth significantly more five years from now. But in the short term, there are some clear concerns that could cause some volatility to transpire in Tesla's shares.
https://seekingalpha.com/article/4158881-tesla-moment-truth-approachingAnd this from forbes:
Tesla’s Plummeting Share Price Shows That Musk Is Running Out Of Time
https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/jimcollins/2018/03/26/teslas-plummeting-share-price-shows-that-musk-is-running-out-of-time/&refURL=&referrer=
