Thursday, January 4, 2018

Along with Tesla's Miss On Deliveries, Here's Something You May Not Have Seen (TSLA)

After trading down to $305.69  the stock is now back to $316.59, down 66 cents.
From Teslarati:
Elon Musk ramps hiring effort for Tesla’s Gigafactory battery factory
Operations are ramping up at Tesla Gigafactory 1, with CEO Elon Musk inviting interested individuals to apply for a job at the massive battery plant in Sparks, Nevada. Considering the timing of Musk’s most recent announcement, it seems like the California-based firm is gearing up for a massive increase in activity as the Model 3 approaches its target production numbers. 

The invitation to join the Gigafactory team was posted on Twitter and included a touch of Musk’s trademark wit and spontaneity.
“Come work at the biggest & most advanced factory on Earth! Located by a river near the beautiful Sierra Nevada mountains with wild horses roaming free.”
A link to the careers page on Tesla’s site reveals that the company is looking for various technicians, material handlers, engineers, managers, production associates, and many more. Overall, the available job postings for the Gigafactory invoke an air of expansion, as Tesla continues to ramp up battery production of its latest and possibly most disruptive car to date — the Model 3....MORE
Mr. Musk is still using the pitchbook drawing of the factory with solar panels on its roof which taint so.
As to the stock, we've mentioned the $300 line a few times, not because it's some "psychologically important" number but because it has turned into a major support/resistance point going back to that May 2017 cluster of prints. We were all ready to make our first public short in ages should $300 be violated decisively—thinking there was a good shot $240—where the run to the record high began—could be hit, but it never happened.
Here's a repost from a month ago:

December 5, 2017
Tesla Stock Downgraded to Sell By Someone I've Never Heard Of (TSLA)
Not that there's anything wrong with that.
Or is it "of whom I've never heard?"
The stock is down a buck at $304.20 after hitting $301.00. The $300 line is holding but being tested:

TSLA Tesla, Inc. daily Stock Chart
From MarketWatch:
Tesla Inc. shares TSLA, -0.32% were downgraded to sell from hold by analyst Eric Ross at Cascend on Tuesday, who said his measurement of customer demand is beginning to flag. New customers who have not already preordered can't get new vehicles until 2019, he said, and are beginning to go elsewhere. "Additionally, all the known issues of capital burn/raises, Model 3 production issues, and increased competition," Ross wrote in a note....MORE
Recently:
The Short Argument Against Tesla
$300 Looks Like an Important Line For Tesla's Stock (TSLA)

It's not that $300 is some magical round number, rather looking at the chart if the stock moves decisively through that line there is a lot of air down to the $240 base where the run began.