Saturday, May 21, 2016

CNBC Reporting On Tesla This Past Week -- May 21, 2016

This is the type of reporting I've come to expect from CNBC.

This past week when Tesla announced a plan to raise $2 billion in cash by issuing more shares, CNBC had a huge headline: Tesla shares skid.

Yup. all the way from $210 to $204 (or maybe from $214 to $204) which works out to about $10/$214 = 5%.

That's some skid.

By the end of the week, Tesla was back up to $218, finishing higher than earlier in the week.

For day traders, yes, quite a skid. For the rest of us, hardly a blip.

This is a trader's stock, not an investor's stock.

Just my opinion. This is not an investment site, yada, yada, yada. See disclaimer, welcome, and a gazillion previous posts.

No comments:

Post a Comment