Here's what that means.
TSLA is a company facing a profoundly more competitive business landscape.
We have a dysfunctional setup once again.
It looks like everyone is in a rush to get out of Chinese companies.
While the stock split may signal confidence from the management side to investors, I don't generally see reverse splits as positive.
Could this stock go to zero?
The shares have been correcting lower since early May.
Not quite yet, but if shares of the streaming giant pull back to a key support level the potential reward in a trade would appear to greatly outweigh the risk.
The elevator maker's charts are pushing the right buttons.
Why we ever allowed Chinese businesses to raise capital, our capital, on our shores, is beyond me.