I own TSLA but have not been a buyer for quite a while. Company news just gets better and better, but the stock is not responding. There is a reason, either I am wrong about company news or the market either disbelieves the news or no longer considers Tesla a growth company.
Stock prices have a life of their own quite apart from the company they represent. They don’t always react to news specially if the news are in fact olds, just confirmation of previous news.
After a furious rise it is normal for the market to take some time to digest the gains and to create a base for the next rise. Say a stock goes from $10 to $50, the guy who didn’t buy at $10, or $20, or $30, or $40 won’t buy at $50 but if the stock stays at $50 and the good news pile up, in time $50 won’t look so expensive and the next run up will start.
I’m having similar thoughts about KNDI although the ramp-up situation is different. They should have the capacity to build 500,000 cars in under five years and they will be making many more models than Tesla, some for rent, some for government and some for higher income buyers and for export. But just as Tesla, they make cars, not consumer electronics.
Denny Schlesinger