Tesla Earnings Could Reward Loyal Shareholders

Tesla, Inc. has struggled with the Model 3 production ramp-up in recent months, forcing CEO Elon Musk to backtrack on ambitious goals he has outlined for the highly anticipated electric automobile. That could change after this week’s earnings report, with a little good news having an outsized impact on recently weak buying interest. It is urgently needed at this point, given rapid cash burn that could empty company coffers before the end of 2018.

Musk has been firing on all cylinders in other recent projects, including the successful launch of SpaceX’s Falcon Heavy rocket and selling out an inventory of 20,000 flamethrowers through his Boring Company. Loyal but frustrated shareholders hope that this momentum escalates into publicly traded Tesla, lifting the stock through heavy resistance between $350 and $400 and into a major uptrend. (See also: Elon Musk Biography.)

 

Long-term relative strength cycles suggest that Tesla is ready to reward shareholders with a rally that shakes out unrepentant short sellers. …read more

Read more here: Tesla Earnings Could Reward Loyal Shareholders

Category: TSLA

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