Fisker Karma vs Tesla Roadster (TSLA)
The stock we think has it's work cut out for it in competition from Fisker automotive is Tesla (TSLA).
Let's take a look at the fundamentals and technicals first before getting into why Tesla's Roadster could turn into a dud.
Over the past 12 months Tesla Motors Inc (TSLA) shares have traded between $21.5 and its 52-week high of $39.95. Tesla Motors Inc shares are now trading with a P/E Ratio of 0 and EPS of -2.87.
Tesla's price action has done a nice job of finding support around $30, and is currently in a rising channel. We like Tesla with price below the moving averages. Look for a rollover below $30.50 where share price could fall all the way down to the $26 - 28 range.
Still with me? The bears are well aware of potential issues with TSLA, with short interest currently pegged at 45%. Here is why:
The electric Tesla Roadster was the car of choice for ecofriendly tech barons and Hollywood types. Until the hybrid Fisker Karma came along.
Check out this article by Alexandra Wolfe at departures.com, great piece of writing on why the Fisker Karma is giving Tesla a run for its money: Tesla Roadster Versus Fisker Karma.
I saw a Fisker Karma today at Fry's (see the main photo) and trust me, this car is going to be hot.The only thing the Karma doesn't have going for it, is Justin Bieber just got one:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Gold And Silver Best Performing Assets – Up 9% and 8% YTD | ZeroHedge
- These Are The Banks The Market Is Most Concerned About | ZeroHedge
- The Full Summary Of U.S. Banks' Energy And Commodity Exposure | ZeroHedge
- January Payrolls Miss Big, Adding Only 151,000 Jobs, But Hourly Wages Jump And Unemployment Slides To 4.9% | ZeroHedge
- PBOC Wins The Battle: Yuan Surges To Highest In 2016, Currency War Not Over | ZeroHedge
- Global Liquidity Continues to Contract | Financial Sense
- Kyle Bass Asks If China Is Fine, Why Are They So Worried About "Some Hedge Fund Manager In Texas" | ZeroHedge
The most relevant financial news and articles from the Internets
- Let George Clooney show you the right way to wear all black... | Business Insider
- Watch a robot paint incredible pieces of art | Business Insider
- China just released photos of its first Moon landing and the rover that... | Business Insider
- Consumers aren't ready for an Internet of Things world... | Business Insider
- Palantir, the War on Terror's Secret Weapon | BusinessWeek
- Actually, the unemployment rate is 4.92058% | Business Insider
- This app will deliver all of your favorite beers, wines,... | Business Insider