Events of the last 3 days9 Aug 2017 13:26
Looking at the fall, rise, fall and rise again, its still way oversold.
Initial fall was due to the interim results and the 2 main negatives were increased loss (6.7m against 4.7m) and net operating cash flow down to $14m against $21m, although there is still $14m cash flow this along with delays in some revenues, although not specific which also contributed.
Going forward to H2, things look very healthy with forcasted growth, revenues and EBITDA increasing significantly.
Put this alongside first orders for Tesla and the pomp and ceremony surrounding the Tesla new car launch and Q2 looks very healthy, hence the rise yesterday.
THEN the rumours of alleged misgivings arise and lead to IMO a massive oversell, so you have a potential opportunity. The CEO asked and was given leave of absence, and if the company have great products and relationships with their customers, thin it shouldn't effect the long term prospects.
Its just a hell of an exciting roller coaster at the moment
DYOR GLA