TESLA – the summary of why it dropped 20% in just 2 weeks and why you will regret not buying it right NOW
Why do I still hold $TSLA even though everyone seems to dump it?
There were some events going on that not everyone understood, I’ll try to summarize them in this short article.
First Tesla announced on July 3rd, that the deliveries for Q2 will fall short because they can not produce enough 100 kWh battery packs for it. They were already building new production facilities for this, but apparently it did not work out as planned. Many people leave out one big fact when seeing this as a warning sign – even though production is running short, they still sold 22k cars, which is a plus of 53% over last year.
“Acceptable” safety rating
Next the Insurance Institute for Highway Safety (IIHS) rated the new Tesla Model S only “acceptable” on July 6th. This can be a warning sign, but if you are keeping in mind that this was only one of many tests, and if you are having a look at other test results, one can clearly see that most of the tests show a positive image of the safety of the Model S.
Next many big other automobile industries announced that they are producing electric self-driven cars as well, with Volvo having this announcement right in the time where the downwards trend of $TSLA started. But one has to keep in mind that the effects of this will not be visible in the upcoming weeks or months. No, it will probably take years until we will see the introduction of other automobile companies into the segment of Tesla.
Why should I use this chance to buy Tesla stocks?
Now my advice would be to use this downwards trend of people panicking to make a smart move and buy Tesla stocks whilst they are still way underpriced. Almost certainly they will shoot upwards in the next weeks.
[source (partly): http://bit.ly/2u0ekzh]
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