Tuesday, November 19, 2013

UPDATED--By Elon Musk: "The Mission of Tesla"

Update: "Tesla and the Barclays Downgrade (TSLA)"
Original post:
I'm not in the habit of putting bylines in the headline but thought it might communicate a bit more than just having the title.
Plus, the stock turned today, up 3.71% to $126.09 and up an additional 1.36% afterhours.
This bounce should be tradable, links below.

From the Tesla blog:
Our goal when we created Tesla a decade ago was the same as it is today: to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible. If we could have done that with our first product, we would have, but that was simply impossible to achieve for a startup company that had never built a car and that had one technology iteration and no economies of scale. Our first product was going to be expensive no matter what it looked like, so we decided to build a sports car, as that seemed like it had the best chance of being competitive with its gasoline alternatives.

I suspected that this could be misinterpreted as Tesla believing that there was a shortage of sports cars for rich people, so I described the three step “master plan” for getting to compelling and affordable electric vehicles in my first blog piece about our company. This was unfortunately almost entirely ignored.

In order to get to that end goal, big leaps in technology are required, which naturally invites a high level of scrutiny. That is fair, as new technology should be held to a higher standard than what has come before. However, there should also be some reasonable limit to how high such a standard should be, and we believe that this has been vastly exceeded in recent media coverage....MUCH MORE
We started prepping for a bounce with Nov. 8's "Chartology: Tesla Getting Near a Bounce (TSLA)" at $137.80.
That was followed on the 12th by "Tesla's Musk as Equity Analyst: "Stock's high price was a distraction, seems a better deal now" (TSLA)".
This morning it was "Tesla CEO Elon Musk Blasts Media Again Over Fires":
The stock is up 4.37% at $126.89 after trading as low as $119.22, we're still guessing a bounce and then a revisit of the gap at a hundo....
Pulling a number out of one's backside, $160 as a target.

Equities: All right Kids, I Think It's Safe to Go Back in the Water