In addition to the misinformed Analysts, the MSM and Short Sellers trying to convince everyone that Telsa is a bubble stock that will pop, we have professors teaching students this lie.
Misinformed? No. Most of them just spout whatever makes money for them. Idiots at Wedbush just increased it from 270 to 370. Why? because they look silly at 270, so they came up with a number that is bearish but not too far off to make them look stupid. Supposing Tesla comes down to say 380, they will push their target to 310. Their job is to put a downward pressure, and give the impression they have given a serious thought to it. All calculated - not misinformed - bull *sugar*.
There are 4 pillars that are quite eager to take Tesla down;
- TSLA Shorts
- Analysts whose have shorted TSLA, or looking for a lower entry point, or who stand to gain indirectly by beating the SP down
- Entities that are threatened by Tesla & SpaceX success - Legacy auto, fossil fuel interests, UAW, NADA, Russians
- Main stream media, who are not getting a penny from Tesla but survive big time on legacy auto advts.
I am not really losing my sleep on the first three. Shorts have low moral compass and are expected to lie and spread FUD. Analysts are greedy Wall street money hounds, so whatever makes them money they will do. I don't have to mention about the organizations and industries that will lose big time on Tesla success. Now average Tesla customers who buy their products understand these and are not carried away by the FUD campaign.
Now the last pillar - MSM - is where things are crossing the line. Because MSM still has some sway on the consciousness of general public. There is a huge section of ignorant public who believe what they read from Forbes, WSJ, NYT, LAT is true - especially when they in unison spout the same message - Tesla makes shoddy cars, has poor & unethical business practices, low employee morale lead by a charlatan and fraud, and this thing is going to implode anytime now.
Our anger and frustration should be directed on MSM and not on the shorts