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Does anyone have any idea why we are down 4% today?
Gravity is pulling us toward the 100-day moving average. I don't think we will see a reversal until we touch it, unless there is news.
plus with the general momentum of the overall market being on the downside, I expect to see TSLA be dragged down along with it. I sort of anticipate the market to trend down until late May when the Facebook IPO goes live. That's a big event and could be a positive catalyst for the markets. We need a healthy market correction anyways.
Where the heck is Blankenship? He was supposed to announce something big last week? We really need that something big - soon. The stock is going to hell for no reason, on no news.
Agree that we need a healthy market correction. And, not so sure the Facebook IPO halo is going to be a good thing; Facebook's recent acquisitions (the $1bn for Instagram) and the valuation leading up to the IPO remind me so much of the '99-'00 .com boom days. I do hope many of the soon-to-be-minted FB millionaires buy the Model S though![]()
TSLA is now under performing the Nasdaq for the year.
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