The thing is this:
Yesterday, the email leak about the 5 day shutdown by Musk claimed it was to ramp up production to 6K model 3s a week!!
Today, we hear that CAL OSHA is inspecting the plant!!?
All credibility from Elon is GONE!
There is no way in Heaven , Hell or Earth they can produce that many by 1st July.
Which suppliers will help them ramp up when their accounts receivables are not being paid or delayed by Tsla?
He tweeted no capital raise required this year just last week!!
This CEO Musk is acting a lot like Bernie Ebbers of Worldcom b4 they went BK, or Enron executives statements.
Unless TSLA is 'too big to fail". That's the only way they'll survive. Or raise and dilute stock or issue bonds ..btw, their bonds got downgraded to junk last mth
..or in Feb.
Stay long if U wish, Not telling U what to do of cos,
I can't... I just trade this stock intraday...but if the timing is right, long puts a cpl of wks out on rallies to resistance.
DC