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Tesla Motors Inc. (TSLA) Plummets To 8-Month Low On Low Demand

Tesla Motors Inc. (NASDAQ:TSLA)’s volatility in the market has many at times been triggered by CEO, Elon Musk, comments on matters related to the company’s product line as well as demand. The CEO has already admitted that demand in China might have been affected by concerns over inadequate charging stations a problem that is being addressed at the moment.

Tesla, is TSLA a good stock to buy, bear, Dan Nathan, China,

Another concern according to CNBC’s Phil LeBeau is Musk stating that Tesla Motors Inc. (NASDAQ:TSLA) will become profitable in 2020 when full production is attained. Despite reiterating that the company was sorting out the charging station debacle, Tesla stock sunk to an eight-month low as investors continue air concerns about the company’s long-term prospect.

This is not the first time that Musk has triggered the levels of volatility in the stock according to Melissa Lee. Clearly showing that when he speaks, the market usually listens.

“On September 5, Musk told CNBC I think our stock price is too high right now and the stock dropped 3% by the close. A month later on October 1st. Musk tweeted that it was about time to unveil the D and something else, and the stock rallied 6% into the announcement on October 9. Then sold off 13% a week after […],” said Mrs. Lee.

On Christmas day, Musk also tweeted a new upgrade of the roadster that is to accord users with a 400 mile range consequently propelling the stock up by 2.5%. Guy Adami believes Musk sharing this kind of information about Tesla goes a long way to providing more opportunities for trading.

Investors have been losing charge over Tesla Motors Inc. (NASDAQ:TSLA) in the recent past, and the recent warnings only goes to elicit more concerns about the company’s earnings according to Dan Nathan.

“I would almost say, his comments last night should that have been a pre-announcement for Q4 in away an official press release from the company. Because to see a sort of move that you saw in the stock based on that news, you are assuming they are going to miss earnings.

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