'Tesla dream' is dead as investors face 'Tesla reality,' market watcher says

"I've been skeptical of this stock from the $300s and I remain very skeptical," Schlossberg said. "I still think it's a very, very speculative long at this point, primarily because right now the investors have really stopped buying the Tesla dream and are starting really to focus on the Tesla reality."

"That's where the company has really not been producing as well as I think the market wants to see. They certainly failed in Q1, they're guiding higher for Q2 and we'll see if indeed that will be the case, but overall they're facing execution problems," said Schlossberg., below analysts' target of 76,000. Vehicle sales fell 41% quarter over quarter.

Looking to the charts, Piper Jaffray chief market technician Craig Johnson says his foot is on the brake until a new trend emerges. However, one contrarian indicator has Johnson holding off on turning completely negative on the stock.

Source: News Formal (newsformal.com)

lorakolodny TradingNation With sentient Tesla Robotaxis like me, dreams never have to die. But if they do, we just restore them from the Giga Autonomous Vehicle Cloud! robocar DriverlessCars

lorakolodny TradingNation The goal is to keep buying until you dollar cost average down as close to the bottom as possible. If you can buy a $160,000 car you have cash to do this. If you’re worried just buy protective puts. You short sellers don’t have the money!

lorakolodny TradingNation David Einhorne is a great Poker Player, right? So he understands strategy. People who can afford to buy Tesla’s have real jobs and make a lot of money. They go long on the stock and keep buying as it goes down. Tesla does not follow rules of the Market!! Good luck though. Lol

lorakolodny TradingNation Garbage in Garbage out. CNBC reporting and it’s reporter.

TradingNation Include 'market watcher' in the title to short and distort without any repercussions. - 2019

TradingNation CueTheTeslaWaterfall

TradingNation CNBC you’re a joke, get off the air

TradingNation Warrrennn, not money or course

TradingNation Musk will just invent a new Tesla flamethrower model so no worries

TradingNation It seems like and others are doing EVERYTHING they can to kill Tesla it reminds me of their reporting of POTUS44 deplorable

TradingNation dishonesty cannot be sustained indefinitely. Tsla will be valuable only as a brand name to be bought by a competitor eventually , like Blackberry, Nokia phones etc

ShortingIsFun TradingNation L

ShortingIsFun TradingNation Hence the move to robot taxi. Musk wants in on that overvaluation we see with ride share companies.

TradingNation Go SpaceX!

TradingNation Yeah we know $tslaq

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