Showing posts with label TSLA fire. Show all posts
Showing posts with label TSLA fire. Show all posts
Tuesday, November 19, 2013
Tesla Fire - part 2
Per my comments in the past on how to approach the TSLA stock based on the fire news, the inquiry is open now and the stock may pull back further. The hard thing about this is, that the news seems to be leaking. Yesterday TSLA was down 14 bucks on no news and today the news is that there will be an official inquiry. At this point I would buy a small position at the 200 DMA around 107. The build from there based on news. Remember, a full recall is the worst scenario but if some research can explain what the expense of a full recall would be, then there is some way to value the stock. Since it has to do with the base structure of the car that should protect the battery, it doesn't sound like an inexpensive recall.
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