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Tesla Bounces Around on Annual Meeting News, but Charts Warn Not to Chase

The electric carmaker had its annual shareholder meeting on Tuesday, and CEO Elon Musk declared that it "won't be long before we have a 400-mile range car" Musk also outlined plans to unveil a pickup truck this summer and to get into semi production toward the end of 2020. Tesla is on target to grow its entire "fleet" by 60% to 80% in 2019, Musk added, saying "it's hard to be profitable with that level of growth," but the company would still be cash-flow positive while growing at that rate. TSLA has been up and down by fractions in early trading Wednesday.

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