The broader markets continued their rally today and TSLA ran up with them, but not with the conviction of yesterday. Tesla is not known for running up simply because the broader markets are doing so. The after-market trading showed some reduced prices, perhaps in response to a report that the National Labor Relations Board has filed a complaint alleging illegal practices. In other news, some Tesla employees are reporting that expected date for deliveries of their Model 3s have been moved up, so we're likely seeing Tesla get much closer to large-scale production of the car. When Model 3s start shipping in large numbers the stock price will respond quite favorably. If Model 3 is as good a car as most of us think it is, the collateral damage the shorts will encounter upon the car's widespread release will be severe.
For tomorrow? The wires have already picked up the NLRB story, so it's possible we might have some tough sledding in the morning. If word of earlier Model 3 deliveries spread, then that could become the dominant story, with positive results. It'll be fun to see.
Conditions:
* Dow up 55 (0.25%)
* NASDAQ up 60 (0.95%)
* TSLA 355.90, up 2.72 (0.77%)
* TSLA volume 4.1M shares
* Oil 46.93, down 0.3 (0.64%)