“Peter Rawlinson, Palo Alto, California-based Tesla’s vice president and chief engineer, and Nick Sampson, who supervised vehicle and chassis engineering, departed this month, Ricardo Reyes, a company spokesman, said in an e-mailed statement.”
They have been replaced and reported that they had transitioned off Model S before leaving. I think -20% for this is exaggerated, and some news wrongly reported that two members of the board have left which should do some real damage to the stock because that could mean something bad. One executive engineer and a subaltern leaving is not great news but also nothing near -20% proportions.
Unfortunately this gives shorters an easy out so my prediction of a short squeeze just suffered a hit. While not dead yet, it looks weaker each passing month. On 9th February we will see the next car, the Model X.
Have a nice week-end all.
Nicu 9:25 pm on January 13, 2012 127 days ago Reply
btw, completed today a trade: in 100 $41 Mar TSLA calls @ $.05