Tesla's stock continues to crater
On Thursday morning Tesla shares hit a 2 1/2-year low.
According to one Wall Street strategist, a "wash out" move in the stock could be coming before a "decent sized bounce." However another Tesla watcher says there are no signs of exhaustion by the sellers and that shares could fall to $141.
Business Insider reports shares of the electric-car maker gained as much 3% Thursday morning after reports said CEO Elon Musk sent a letter to employees on Wednesday evening saying demand for its vehicles remained strong.
The email states, "As of yesterday, we had over 50,000 net new orders for this quarter."