Why Tesla Stock will Hit $100 this Week!Tesla's stock closed down $23.49 (or 3.78%) Friday. Off its lows of $550. But stil closed below $600! Which is a sign! The market ended up 550+ or so, and Tesla was down $23.49 dollars.
I think we need to listed to a certain Michael Burry, played great in the "BIG SHORT" movie, and realize he has a knack for disvalution. It's nothing personal with him like the Hedge Funds who fight with board seats and proxies and sohphisticated garbage we think we understand and rely on an expert in disvaluation. So when he bets again TSLA and explains the fundamentals of the company and why it can't become what the price is expecting (which are Tesla fans, but they can just give the money to Elon Musk), the stock is not worth the price. And neither is $100. Is is a $50 stock at most now with future value priced in at normal valuations and if the outperform the stock
can go to $100. But right now, there's gonna be a lot of Tesliaires fall into the same trap "Bulls Make Money and Bears Make Money by Pigs Get Slaughtered".
If you own TSLA and are up, my advice is SELL. I don't know if it will go up the next day or after, but I do know you'll be happy you did!
My weekly prediction on Tesla - Bloodbath this week, down to $100 or less before Friday, so hold on to your stomaches, and get some Pepto to have on hand if you don't sell!