Buying an EV is one thing, being able to drive it beyond city limits another...
Having said that, rumors of BMW, and news of cheaper batteries, might help over the next few days.
Ruschs doesn't see the weakness as a negative vote from the market, but rather one investor reorgnazing its holdings.In fact, he says the resulting weakness is an opportunity for everyone else.
That's because Rusch thinks Tesla is something of an undiscovered gem that's about to capture the hearts of its constituency - affluent car buyers. The Tesla Model S sells for $49,900 and up.
Performance 85kWh, custom 19" Forgestar c5fv wheels, white ext, black/CF int, panoramic roof, tech, sound, twin chargers.
When asked why he never gambled, Herman the German from Pushkin's story The Queen of Spades replied "I refuse to risk the necessary in pursuit of the superfluous." If I wanted a Model S, the last thing I'd do is use the purchase money to speculate in the market.
It's why speculation is risky. And it's why I invest for the long term. Unlike our emotional friend the Califlower, I care about the success of the company, not about it's stock price, because if the company succeeds, it's stock will go up. But it's guaranteed to bounce around a lot getting there. It's the nature of the market. And it's in the nature of volatile stocks that there is not always a reason for each dip and rise.
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