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Tesla Overheated Right Now!


TSLA, Tesla Inc Overheating

Competition is about to close in fast on Tesla.

Released on Tuesday, May 2, 2017, 7:25 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - Tesla, Inc. (NASDAQ:TSLA) led by its visionary Founder, Elon Musk, is one heck of a story stock that reminds investors of the days of when Taser and Travelzoo were on an unstoppable path up. TSLA has climbed from $180 in December to $322 now, quite a move for such a big company. Tesla now has a market cap of $52.65 billion, which is more than General Motors Company (NYSE:GM), which trades at a market cap of $51.66 billion.

TSLA may run into earnings the next two days before earnings after the bell on Wednesday, but look for a correction on Thursday and possibly the start of a more major correction as competition is closing in on Tesla and as reality sets in. GM has major brand loyalty with their Chevrolet and other brands. It's highly doubtful that Tesla pick up trucks will be able to compete with Chevy and Ford pickup trucks. Also, Ford (NYSE:F) has shown it is serious about autonomous cars with their $1 billion investment in their new driverless car unit Argo, run by Bryan Salesky, formerly at Carnegie Mellon University's Robotics Unit and formerly at Google. Check out the SpeculatingStocks Self-Driving Stocks Bucket for more related players in the space.

There's a reason why 30% of TSLA shares are short. TSLA is a major, major short squeeze opportunity that is likely to pay off at some time in the near future.

Apple, Inc. (NASDAQ:AAPL) recently received a self-driving car permit in California. Apple is great at hiding its development secrets, and if Apple gets into the car game it will be a major hit to Tesla because Apple dominates industries that it enters with years of experience in supply chain management, not to mention superior industrial design and synergies with their current products. Alphabet Inc. (NASDAQ:GOOG) is also serious about autonomous cars. Tesla isn't just battling old entrenched players, but technological powerhouses.

The other issue is that Elon Musk is spread across several companies including Tesla, Space X, The Boring Company and other ventures. It's possible now to work across all of these ventures, but with competition, Tesla will likely to need to be his sole focus. The Late, Great Steve Jobs preached focus and how it makes or breaks companies especially under stiff competition.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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