Tesla has been disrupting the automotive industry and taking Wall Street by storm since its 2010 IPO. Its latest milestone: a trajectory that will take the electric vehicle manufacturer to “comfortably” more than 500,000 vehicles sold this year.
After all, Tesla posted positive earnings Wednesday, earning 99 cents per share under GAAP on a modest revenue increase. That builds on a return to profitability in its October report. If Tesla is on track for potential inclusion in the S&P 500 later this year and is posting consistent profits, should you rush to pile in? Or do Tesla shares already reflect this, and it’s time to “sell the news” after the stock’s recent run?
Sure, some of those may be irrational haters of the stock. As I’ve argued here on MarketWatch, bears who look down their noses at Tesla based on valuation models for stodgy, traditional blue chips are simply missing the point. But it seems dangerously naive to write off every investor in this massive constituency of short sellers as a Luddite stooge who is bound to get steamrolled.
Time to sell $spy
GET A LAMBO
Never happen....would be a scam
That would be a mistake. Too much volatility. It isn't beyond imagination for Musk to AOL/TimeWarner Ford at this point. jimcramer
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla draws comparisons to past speculative bubbles: 'Stock is going to get absolutely clobbered'Some investors believe Tesla has ballooned to levels unjustified by its fundamentals. People said that when price was 300
Source: CNBC - 🏆 12. / 72 Read more »
Here’s Why Tesla Stock Just Surged Past A Record $900 Per ShareI am a New York—based reporter for Forbes, covering breaking news—with a focus on financial topics. Previously, I've reported at Money Magazine, The Villager NYC, and The East Hampton Star. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter skleb1234 or email me at sklebnikovforbes.com skleb1234 Tesla is here to stay! skleb1234 MGarvin21 skleb1234
Source: Forbes - 🏆 394. / 53 Read more »
Musk's Tesla stake worth $30 billion after electrifying stock surgeTesla is making Elon Musk a lot richer without paying him a dime. Can I have $40 off of that Long April $800 Puts 😌😩😩😩😩Mr Tesla I need a car and health insurance help plz😌😢
Source: Reuters - 🏆 2. / 97 Read more »
Stock market live updates: Futures up big, coronavirus-related names bounce, Tesla fallsLive updates of what's moving the market, including the latest on the coronavirus and Tesla. Central bank stimulus...same as every day. Hint: CNBC either has no clue what is moving the market or they don't want to admit that the Fed has artificially suppressed interest rates (and continues to do so) in what appears to be a good economy. But hey...coronavirus.
Source: CNBC - 🏆 12. / 72 Read more »
Analyst who downgraded red-hot Tesla: 'We're certainly not saying short this stock'Canaccord Genuity's Jed Dorsheimer said Wednesday that Tesla fundamentals need to catch up to meteoric market run. What the article says - Short sell this stock I am SHORTING the SHIT out of IT! Absolutely - Look up the Tucker Motor Co for background
Source: CNBC - 🏆 12. / 72 Read more »
Tesla stock tumbles after reaching historic highs
Source: ABC - 🏆 471. / 51 Read more »