Tesla stock dipped 2 percent in the extended session following a tweet by CEO Elon Musk that mocked the Securities and Exchange Commission, just days after the two reached a settlement to drop fraud charges against Musk.
Musk tweeted shortly after the market close on Thursday, “Just want to that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” The SEC declined to comment on the tweet.
If he continues to tweet. Add some around $240s. Then wait and see. No need to rush. Elon is a little crazy. And until there are signs that he solves the cashflow issue, can’t be buy n hold. More like trade as nimble as you can. Since I’m too lazy too trade, just buy as low as I can. Buy a little at a time while waiting for the inevitable… bust or boom.
Your Chart Makes sense, let me try to catch at $255. It needs to come down below $265 at least, then only it is good for me to buy. This time, I will buy appx 50% of what I purchased last time !
• According to Bloomberg, David Einhorn (NASDAQ:GLRE) is telling his investors he’s exited Greenlight’s short in TransDigm (NYSE:TDG). The stock’s higher by 33% YTD. Another short covered is Martin Marietta (NYSE:MLM). MLM is down about 20% YTD.
• In other moves, Greenlight has sold off long positions in Apple (NASDAQ:AAPL), Micron (NASDAQ:MU), Twitter (NYSE:TWTR), and Mylan (NASDAQ:MYL).
• Greenlight, says Einhorn, was down 9.1% in Q3 and is off 25.7% YTD (as of end of Q3).