Tesla
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TESLA idea correction, Short position at the moment.

412
The stock had impressive QEarnings, being the only car company having profits.
Yet several things happened, Elon Musk Tweeted that the stock was too high, made a drop in the price, a spike rejection on the 860 Level, David Einhorn tweets hinting that the reports may not be 100% true, reports show the value of Tesla to be close to BMW , overvalued at the moment.

Tesla is fulfilling orders in 2020 from 2019.
Some people may think twice now before buying a new car.

Company of the future, YES!!! no doubt...
But right now has to deal with problems like everyone else.
May is coming, second wave of Covid-19 is possible and above all, we have again a USA-CHINA trade war.
This may bring implications with Tesla.

Trade safe, cheers

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