Short: Why It’s Best to Avoid Tesla

11:02 10/30/2018

In September and October 2018, Tesla TSLA  plunged after video surfaced of him smoking pot on a podcast. That was in addition to resurfaced conflict with a British cave explorer, and Musk’s tweet that he was “considering taking Tesla private.” Things only got worse when the company revealed that Chief Accounting Officer, Dave Morton resigned over intense public attention. Then, company HR chief Gaby Toledano parted ways with the company, too. Even Vice President of Communications, Sarah O’Brien left. On top of that, Goldman Sachs reiterated its sell rating on the stock with a $210 price target. All thanks to the company’s debt-riddled balance sheet and electric vehicle competition. However, as we noted in September 2018, the chaos may have been fully priced in, per technical pivot points. In fact, at the time, we noted:

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