Boy, was last week unlucky for Elon Musk. The presentation of the newest development of Cybertruck turned into a huge loss for Tesla and for Musk personally and it seems that it is not going to recover any time soon, no matter how much we want it to. The fall was very rapid and very abrupt, so it is only natural that we are going to put extra attention in TSLA performance today.

Last Thursday Musk presented the newest development of Tesla – Cybertruck. And of course, knowing Tesla and Musk, we were very excited for the presentation. It was very sturdy and sledgehammer didn’t leave a scratch on the body of the truck, but when it was glass’ turn to be tested, that is where things went off the script – Musk was so sure that it is going to be able to withstand a hit, that he ordered his helped to do it. And surely enough, it broke as soon as the hammer touched it.

Of course, the awkward presentation moment was laughed off by the developer, but the damage to both Cybertruck and Tesla was already done. After the presentation investors were very unpleased and as a result, a whole bunch of TSLA stocks were sold. Musk’s net worth alone took almost $600 million of damage. Not the result of the presentation we were waiting for, exactly.

Of course, now we are waiting for the recovery, but how long that will take is still a mystery to us. Right now we need to use trading signals to find out what we are to do with the stock of Tesla.