Comeuppance still coming up following failed rally. So, all the insitutional buyers today lost about $250K apiece today, comparing purchase princes against the close of day.
What are they thinking? Have they forgotten Musk still has to respond the the Court to explain why he should not be held in contempt following his ridiculous tweets about production capacity, and flying Teslas?
He has to get that response to them by March 11, and it looks like he's taking his sweet time. The largest shareholder announced this week that he's perfectly fine not having Musk as the CEO of Tesla at this point.
Tesla lost its brand recommendation, the Tesla 3s are rife with production and reliability errors, the overseas buyers are pissed at the price drops.
The price targets range from $75 to $192, depending on whcih analyst you're asking, with one thing for sure - $300 is out of the question. The company bleeds market cap every day. The billion dollars paid on out on the convertible notes strangled their cash position.
Wh in their right mind thinks this is a BUY?