We are not talking about Toyota here people. Tesla is on the frontier of technology. Little setbacks like a faulty seat belt will not destroy this stock. Now if we had a recall associated with their battery then look out.
Any weakness associated with this news is a gift for anyone waiting to take entry into the greatest technology company in the world. This will blow over faster than Don Trumps bangs without hairspray.
Aside: I am getting super bullish on General Motors…
Full Disclosure: Long TSLA shares with no intent of selling, ever.
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Tesla is a great trading stock, that’s about it. Don’t see how this company will ever turn a meaningful profit, when they lose on every car they sell. Couple that with that fact that governments around the world are starting to slash tax deductions on electric cars, don’t see how they will ever have a meaningful profit margin if they do become profitable. There will be much dilution ahead, mark those words.
They make 20-25% profit on every car. They just pump those profits back into the company for building out the supercharger network + R&D – You know just like any growth-stage company does.