Tesla has gone parabolic over its 200 Day Moving Average...
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Sorry, Tesla not twitter shutting down production lines..
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$TSLA continues their practice of poor management. After the market closed, $TSLA news dumped that they are recalling 123,000 Model S cars over power-steering failures. This seems to have been done in hopes that this news will be washed away due to the market being closed tomorrow and the holiday weekend.
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$TSLA is plagued with more bad news. The production manager has been removed and replaced by Musk himself. Musk denies that he was removed due to performance issues, and that the production manager is now strictly focused on engineering, while Musk is to focus on manufacturing.
However, Musk is distracted, hes distracted with being a CEO and trying to keep the company message positive, hes distracted with SpaceX, hes distracted with other projects. Musk is plain overextended as a leader and the issues $TSLA is facing are a direct reflection of these distractions. $TSLA will continue to decline unless some serious changes take place.
However, Musk is distracted, hes distracted with being a CEO and trying to keep the company message positive, hes distracted with SpaceX, hes distracted with other projects. Musk is plain overextended as a leader and the issues $TSLA is facing are a direct reflection of these distractions. $TSLA will continue to decline unless some serious changes take place.
I believe it is a giant mistake for twitter to shut down two production lines and go all in on the model 3.
Tesla is continuing to make mistakes at the leadership level and investors are noticing. Blaming you poor management choices, product issues, unmanageable debt, and failing business model on "haters" puts @elonmusk on par with Amy from Amys Baking Company. Completely unhinged.