After a brief rebound at the end of the year for Tesla stock, typical after huge slides, investors are dumping shares of the self-immolating car manufacture that likely skips safety tests, is again on the downward slide.
Tesla missed production targets, announced over the extended trading break, and is still yet to grapple with multiple burning Tesla’s in Florida after flooding, likely followed here shortly with more fires in California after historic flooding there. Tesla catching on fire is a given with corrosion.
I fully expect Tesla to drop below 100 this week and to plummet when Federal investigators realize the burning Teslas are a threat to public safety and order a full recall.