More downside to 5.25 last and now a 30% correction off of the high. I'm getting plenty of comments from people telling me that Tesla is down because crude oil is down. People know I have been a Tesla champion and almost seem happy that Tesla is down. I'm not sure if I am reading their intentions correctly, so I'll ask next time. But here's what I see: Tesla is a luxury car that is independent of oil prices. If oil goes to near zero, people will still want to buy a Tesla because it is an amazing, beautiful car. I have driven the P85-D and it is absolutely jaw-dropping amazing. So, given how Model-S is selling more than other luxury models in their peer group, I think it is fair to put Tesla in with auto manufacturers, high technology, software and other categories. Also, people are waiting for the Model-X and they aren't producing them quickly at all. I think there are about 15,000-20,000 vehicles in their backlog, but production is very slow. I think this is why the current earnings report will be poor. The rest of the world might be buying the Model-S because it is available. The competition for the next series in the $35,000 range (Model 3) is getting quite strong with the Chevy Bolt, eGolf, etc... but Tesla is vulnerable ahead of the next earnings report and the short sellers have a free ticket to drive the price down in this environment. They (short sellers) have been waiting a long time to get a move down like this, so I hope they take advantage of it. I prefer to buy TSLA only since I am cheering for them and so far that has worked just fine for me. Keep TSLA on your watch list and stay tuned: I think next week will be very interesting. The valuation on TSLA gets better and better with every point down it goes. $160 is a bargain, but it could certainly go to $140 along the way, before a decent rebound. The earnings call will make TSLA move +50 or -50. Stay tuned.