Shares of Elon Musk’s Tesla Motors fell for the third straight day yesterday, losing 5 percent of their value in a single trading session. With shares ending the day at $152.53, down 40 points from their high of $192.50 on Sept. 30 of this year, investors are learning the hard way that the company’s value is highly dependent upon news events. The three-day slide has been attributed to two separate car fire incidents last week. For the year, shares have gained 350 percent. But is now the time that those gains are taken back?
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: