Gut check time for Tesla shareholders
Whenever I, or any writer I know, writes a story about Tesla that is not entirely positive (called a love-letter by some in the auto news business) we receive odd comments back. They call the writer names and often make reference to the writer trying to short the Tesla stock. I guess they think that our page views and reach is so great we could move the stock market.
I have never owned an auto stock. Having had some exposure to the world of mutual funds and similar financial companies I learned long ago I wasn’t smart enough, inside enough, or frankly that much in need of money that I could win in the stressful world of buying and selling stocks. At Torque News we once had a writer, Frank Sherosky, who did trade securities, but he left a year or so ago.
According to CNN Money Tesla stock hit an all-time high this past couple of days. I don’t know much about stocks, but I have heard that point of it all is to buy the stock when its price is a certain dollar value and then to sell that stock when its value is somewhat higher. If that is done then the government(s) and the stock seller get to split the profits. It would seem to me that with the stock at an all-time high, and with the fourth quarter SEC filing due in the coming day or two, that this might be an interesting time for those holding Tesla stock. Sell now, or wait and see if the news is good?