Wall Street Greek

The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.

Tuesday, September 30, 2014

Tesla is Going to Power Down Now

Tesla (Nasdaq: TSLA) shares are up approximately 66% year-to-date, but more recent price action shows some question in the stock. The reason for that may have more to do with Wall Street than it does with Tesla, and it could continue for at least another week to through the rest of 2014. I never base my expectations for a stock solely on recent price action no matter how much a stock has risen or fallen. However, in this case, some important underlying factors seem to indicate that TSLA may have topped out, and may not move higher for awhile if not until after Thanksgiving. The reason for this has nothing to do with happenings around Tesla’s Gigafactory or new vehicle development. It has nothing to do with international expansion or government subsidies for alternative energy vehicles. To see why, read my article Why Tesla’s Run is Done.