I was as bullish as I could be on Tesla earlier this year, and I saw the stock heading over $200 before year's end. It actually came close to that level, in fact, but was beaten down as a result of fires in at least three of its cars. Fire is almost never good, and judging from the price of $TSLA's stock investors certainly agree. On November 6th, I was also the first to report the third $TSLA fire:
The question now: where does the stock go from here?
As a partial answer, $TSLA broke key $135 support levels this morning. I think a move to $110-$115 is in the cards,before it resumes its move to over $200 per share.