PeterGray wrote:I am not sure what to believe about the various utterances.
Agreed, and I'm sure you would include Musk's tweets in there too - or else why not?
So far most of what Musk has tweeted has proved to be right.
His tweet about taking Tesla private was later confirmed by the board.
His tweet about funding has been supported by the Saudi fund.
His tweet about working with Goldman was said to be wrong, but a few days later Goldman say they are working with him.
Ditto Silver Lake.
My analysis is that there are vested interests whose tactic is to take down the Tesla share price at every opportunity by making false claims such
as those with GS and Silver Lake and then likely cover shorts and go long again.
Given my belief, my trading tactics in Tesla have been to maintain a core holding in Tesla, but to sell some shares into spikes and re-buy similar amounts
into downs. I would not consider shorts here given the potential of a $420 or more take out. At some point these tactics will stop working, but so far it
has been profitable to me.
Of course my core could be burned if it transpires that the deal to take Tesla private will not happen, but in that case I would just hold as I
still believe the case for Tesla is very strong.
Regards,