Thanks for all the kind words.
It has been a fabulous run and I am well ahead of the profits I made last year with not 2 months gone, but this can all change.
Ever since I was at Uni I became convinced that fuel transport by hydrocarbons was silly for several reasons: Pollution, using finite resources, geopolitical uncertainty in the fuel source, gross inefficiency of ICE etc.
It was only when Tesla began to make electric cars that I began to believe things would change and it became clear to me that Musk understood both the physics, making his cars as good as they could be, and also the business of selling: Creating the top down approach while everyone else was trying the bottom up approach and making the cars safe and creating the charging infrastructure.
From an investor/tranders perspective, this imho is now a shorters market were for the moment results do no matter. I was trading meggit this morning (small size) after good results and the gap down. It reversed up as the results were digested and that was good for me taking a few bob off Igindex, but then the good results were all forgotten and the shares dived, tried again to rally and dived again.
These kinds of emotional dumps are loved by shorts as the price action is fast and deep, but for Tesla I still like the story too much to want to short it. However, many do want to short it, although there was no hit to Tesla on this report of the NTSB slamming Tesla:https://seekingalpha.com/news/3545422-t ... ent=link-3
Nor have their been hits to Tesla on the coming trial where Musk is being accused of misleading investors in the purchase of Solar City, he is being defended by the same attorney who won the case over the British diver who Musk called a Paedo.
Tesla may still be a Teflon stock and defy the markets general down turn, or someone might find a solution to corvid-19 and cause the whole market to rip up.
Shortly there will be battery day too and that could be very big if Tesla have found a way to speed the production of batteries or have some other tricks that they can pull out. I am seeing some folk arguing that batteries can't be improved and that this is the Achilles heel of BEV. I doubt that as battery tech is new and there are only now serious research programs into batteries and new variants like solid state batteries.
For investors/traders it is all about price and movement. These kinds of emotional markets tend to be very fast and very profitable if one gets on the right side and vice versa on the wrong side.