If Tesla Hit Its Production Goal, Why Did The Stock Crater 15%?

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About: Tesla, Inc. (TSLA)
by: Quoth the Raven
This article is exclusive for subscribers.
Quoth the Raven
Contrarian, long/short equity, special situations
Summary

At the beginning of the week this week, Tesla announced it hit its run rate production goal of 5,000 Model 3s per week.

The stock popped to highs of over $360 on the news, before eventually falling about 15% over the course of the next collective 10 trading hours.

Many bulls are asking how and why this could happen.

I offer my opinion.

Tesla (TSLA) bulls must be mystified. Why? Because the sentiment-driven nature of the company's stock price appreciation may be ending. This is something I've alluded to several times over the last couple of