Having surged as much as 7% pre-market – despite missing its deadline for the milestone of producing 5,000 Model 3 cars in a week – it appears the humans have now read the reports (rather than the machines), and Tesla’s stock price is tumbling…
Well that escalated quickly…
“I think we just became a real car company,” Musk wrote earlier.
But as Jeremy Acevedo, manager of industry analysis at Edmunds, said:
“erecting a tent and cramming in extra shifts aren’t necessarily the signs of a company on a sustainable path”
And judging by Tesla’s bonds, it has a long way to go…
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