Elon Musk’s Tesla has experienced a volatile week after he announced taking a 9.2% stake in Twitter – the surprise investment has already gained him a seat on the board! The pullback after surging 50% from its March low is not major and understandable considering the combination of the Feds hawkish comments plus concerns as to where Musk’s energies will now be focused.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is bullish TSLA short-term
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