Moving up the Tesla Bankruptcy Date

by JDH on April 21, 2018

Last week I predicted that Tesla would file bankruptcy on September 13, 2019.   That prediction is appearing excessively conservative.  It could be September 13, 2018.

They are bleeding cash, and have no idea how to build cars, which is not good if you are a car company.

I shorted the stock at $303, and it closed the week around $290, but it’s volatile, so I will probably put in an order to cover at $260, which it may hit this week, or never.

This is a small position for me, but a fun one.

I`m playing it because gold appears to be stuck in a trading range, and is probably heading lower in the coming week, so we have to have something to amuse us.

That`s the report; more next week.