Are you also investing in Tesla?

[Steph]

Back over $36 and big volume. Over 800K shares is a typical day's volume in the first 2 hours. Wow!

Woohoo! We have a breakout

Next stop $43?

 

[Lokolo]

My "buy back in at $30" is getting further and further away

 

[smorgasbord]

I wonder if this is the start of a short squeeze.

EDIT: Sorry for the Jinx - the stock literally lost about 1/2 a point of its gain just as I hit SEND

 

[ckessel]

I wonder if this is the start of a short squeeze.

EDIT: Sorry for the Jinx - the stock literally lost about 1/2 a point of its gain just as I hit SEND

Yea, the stock broke $35, but more like poking it's nose up rather than a break out.

 

[Eberhard]

I am going to sell near all of my shares, only 400 left at the moment.

 

[JRod0802]

With the stock getting so high, I just thought I'd throw out these TSLA stats:

On November 24th, 2010 TSLA closed at $35.47. That was the highest TSLA ever closed.
On December 1st, 2010 TSLA reached a high of $36.42. This was the highest TSLA ever got.

Today we hit a high of $36.29 (so far). That's the second highest TSLA has ever been.
If we close above $35.33, today will also be the second highest close TSLA has ever seen.
If we close above $35.47, today will be the highest close TSLA has ever seen.

Edit:
Today is now the highest close so far at $36.01!

 

[Norbert]

Apparently closing at $36.01. Funny that as end of Feb, the number of shorts have risen above 25.1 Million again (from about 24.6 million in mid of Feb).

 

[dmckinstry]

Apparently closing at $36.01. Funny that as end of Feb, the number of shorts have risen above 25.1 Million again (from about 24.6 million in mid of Feb).

Does it actually close at 4:00 pm EDT? It was listed by Stock Central as $36.00 about 5 minutes ago. Or do they just have a lag on updating their data?

Edit: I guest they do, since it shows $36.01 now.

 

[Thumper]

Record price and volume! Take that you bears.

 

[smorgasbord]

From 5 Tesla Trading Catalysts:

Wall Street has taken the PowerPoint slide deck from the company for Model S production and loaded it into First Call consensus, and that makes a missed production estimate a real risk," O'Neill said. The 5,000 Model S production figure means that Tesla has to make 5,000 cars in five months, a rate of production for a specialty car that O'Neill describes as nearly impossible based on the industry track record.

If Tesla pulls it off, the 52-week high would be easily understandable. O'Neill said that if Tesla were to sell 4,000 Model S cars at the fully loaded price point of $86,000, it implies revenue of $345 million and a run rate of $1.2 billion in revenue annually.

"Who has gone from zero to $345 million in revenue in six months? Has anyone ever done it, or go from zero to a run rate of $1.2 billion. It doesn't make sense, but maybe they have some secret sauce," O'Neill said, which will allow Tesla to avoid the pitfalls of all the other early efforts in the electric car production market.

 

[ckessel]

From 5 Tesla Trading Catalysts:

The article has some interesting parts and some where the author apparently wasn't very familiar with Tesla's plans. It did say that the O'Neill fellow is going to tour the Tesla factory soon.

 

[slavi]

The article has some interesting parts and some where the author apparently wasn't very familiar with Tesla's plans. It did say that the O'Neill fellow is going to tour the Tesla factory soon.

If he comes back with news that everything's on track and there are no hickups, the stock could stablilize at 40 by the end of next week.

 

[Tech26]

Wishing I had put more money into TSLA when it was at $26!

 

[Fr23shjive]

Insider trading? Maybe there is some big news that the public hasn't heard about yet that insiders are moving on? I wonder if that is the source of this recent jump.

 

[Fr23shjive]

Bullish Alert: Tesla Motors (TSLA) Breaks Out Of Cup With Handle Base | Green Stocks Central

Tesla Motors (TSLA) has finally made the move I have been looking for… a breakout to a new 52 week high and within a stone’s throw of a new all time high. Technically, the stock actually broke out of a cup with handle base yesterday and today it added to that gain confirming the breakout from this bullish base. What does this mean? Well, it greatly increases the odds of a significant move in shares of Tesla over the coming weeks and months. How much is anyone’s guess and depends entirely on the overall market, but typically you’ll see at least a 20% move over the course of a few weeks which places my next target somewhere around the $43 range.

 

[daniel]

I own 100 shares of TSLA because I like my Roadster so much I wanted to feel like I'm part of the company, even if in a microscopic way. Of course, I want the company to do well and succeed and make many more EVs for years to come. But I would never speculate on such a volatile stock (I don't speculate on any stock -- I guess if you're going to speculate, a volatile stock has more potential for gain, but also more risk for loss). I get a big smile on my face when I drive my car, and it's pleasant to think that I own (if I understand the numbers right, which I probably don't) one-millionth of the company*. So I have no intention of selling my shares as long as I own a Tesla car, and so I really don't much care what the stock price is, other than the general idea that a higher price means people have more confidence in the company.

* I'm assuming** that the market capitalization of 3.77B and share price around 36 means that there are about a hundred million shares outstanding. I'm not entirely certain that market cap refers to the total market value of outstanding shares, but that's what I'm going on. So my 100 shares represent a millionth of the company.

** Okay, I finally found the number: 104.3 million shares outstanding. So my numbers above are as close as makes no difference (to me). I own one millionth of Tesla Motors.

 

[JRod0802]

Just thought I'd point this out.

So today was:
The highest TSLA ever closed at $36.09 (beating yesterday's $36.01)
The highest TSLA ever traded at $36.59 (beating December 1st, 2010's $36.42)

So now (finally) when some one asks how is TSLA doing, I don't have to say "It's almost back up to where it was in 2010". I can say "It's up 36% in the last 2 months and it's higher than it's ever been!"


Also, today the DOW closed higher than it's closed since 2007!

 

[Uncle Ron]

EDIT,,

 

[Larry Chanin]

What happens when the big kids decide to eat Tesla's lunch?

The Problem With Investing in Electric Cars

What happens when a company with dozens of factories around the world, thousands of engineers, the clout and budget and stability to hire anyone it likes, and massive, established relationships with hundreds of leading specialist auto suppliers decides to beat Tesla at its own game? Tesla's technology is good, but it's not rocket science. It won't take long for a company like Ford (NYS: F) or Nissan or General Motors (NYS: GM) long to match it, if they decide to do so.

What happens to Tesla's 25%-plus margins when Volkswagen, which is happy with margins in the 8% range, decides to build an electric Audi that out-Teslas Tesla -- and leverages Audi's massive popularity in China to generate huge economies of scale that Tesla can't hope to match? What happens when Nissan, which is already rumored to be developing an electric Infiniti, comes to market with a car that matches the Tesla Model S's range and beats it on luxury features -- all for less money?

Larry

 

[ckessel]

The Problem With Investing in Electric Cars

My experience with big companies is that they take 3 years to decide when to hold their first committee meeting. Having "thousands of engineers" doesn't do much good as there are only so many that are useful before they get in each other's way and (mis)communication costs become so large that it kills the project.

Big companies will get there, without a doubt. Heck, that's part of Elon's stated goal (every car being electric). But hopefully Tesla will be fairly well established by that point.