Tesla is still a troubled company bleeding cash like crazy and a dangerous junk bond debt monster that is likely to simply go bankrupt one day. It’s also been a wild stock swinging up and down fascinating many people.
I believe it is now providing a good short-selling entry point for those that want to bet against it.
Since the market began to rally in December, TSLA has been a stock market laggard and is now forming a triangle pattern with support in the $280-$290 area and resistance in the $320 area. One could short now and place a stop above $320 to play a potential March breakdown of support.
However, I wouldn’t trade options on TSLA as the option premiums are sky high.
As for strength in the