"Hardcore:" Tesla's Stock May Collapse to Double Digits
publication date: May 20, 2019
Image: The Valuentum Buying Index almost called the top in Tesla's shares.
Whenever a CEO comes out saying that the company must engage in "hardcore" cost cutting, bad things happen. Morale is likely in the pits at the car company, and cost takeouts will probably cut more than just some excess fat. The downward spiral at Tesla has been in the works for many months now, but the writing is on the wall for a major disappointment that truly resets reality for shareholders.
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