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Tesla's (TSLA) September 15th Bloodbath

TedTed
in Off-Topic
FYI: After gaining more than $100 since its lows in early May, Tesla (TSLA) is getting slaughtered today on the back of a bearish analyst call from Morgan Stanley. While the bearish call from Morgan Stanley helped trigger the sell-off, it can't be the only reason the stock is off more than 10% with a couple hours of trading left in the day. The entire "growth" trade is getting crushed today, and it looks like short-term owners of TSLA are just running for the exits. Note that nothing changed in regards to TSLA's earnings or revenues since the close last Friday, so we're simply seeing a re-pricing of risk.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/15/teslas-tsla-september-15th-bloodbath.html?printerFriendly=true

Comments

  • scott
    Even Elon Musk has said the stock had gotten ahead of itself. I don't own it, nothing against it, but I'm not surprised.
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