Tesla Shares Have LEGS, Gain A Whopping 20% Intraday! Wanna Know WHY?

Tesla Shares Have LEGS, Gain A Whopping 20% Intraday! Wanna Know WHY?
Tesla Inc’s stock surged 20% on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic’s battery business with the U.S. car maker and an investor report predicting its shares would rise more than ten-fold by 2024...

...Monday’s rise came after Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla, which followed years of production troubles and delays.

“We are catching up as Tesla is quickly expanding production,” Panasonic Chief Financial Officer Hirokazu Umeda told an earnings briefing, referring to battery cell production.

“Higher production volume is helping to push down materials costs and erase losses..."

runninglogan1runninglogan1 - 2/4/2020 12:44:34 AM
+2 Boost
I love Tesla but this is nuts.


Agent00RAgent00R - 2/4/2020 9:23:04 PM
+1 Boost
It really is.

Was talking to my buddies in the HF world and we're all in agreement. The fundamentals have been torn up, torched and thee ashes thrown out the window.


SanJoseDriverSanJoseDriver - 2/4/2020 1:25:28 AM
+1 Boost
WOW, shorts are on fire! Too bad Tesla is not planning to raise any more capital, now would be a great time at the expense of the shortsellers.


skytopskytop - 2/4/2020 4:33:57 AM
+1 Boost
In the stock market, what goes up fast, goes down faster.


Agent00RAgent00R - 2/4/2020 9:24:25 PM
+1 Boost
Honestly, I wouldn't be surprised if it drops 50% tomorrow.

But I think it's only going up...

I have zero position in TSLA. Too wild and it's too similar to gambling in this situation.


malba2367malba2367 - 2/4/2020 7:30:18 AM
+3 Boost
This is getting crazy...this is a short squeeze but it is starting to look like there is some market manipulation at play too.


MDarringerMDarringer - 2/4/2020 8:17:27 AM
-2 Boost
You mean there isn't?


CANADIANCOMMENTSCANADIANCOMMENTS - 2/4/2020 10:44:11 AM
+2 Boost
Dell stock was like this in the 90's. It kept going up, it kept splitting and it would go up again and get split again.


MrEEMrEE - 2/4/2020 7:27:52 PM
+3 Boost
I imagine past critics here are some of the shorts that are hurting now.


Agent00RAgent00R - 2/4/2020 9:25:18 PM
+1 Boost
Hurting is putting it lightly.

They've lost their shirt and the rest of their wardrobe...


carloslassitercarloslassiter - 2/4/2020 8:28:04 PM
+3 Boost
I imagine past critics here are some of the shorts that are hurting now.
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Don't worry about that. This is pretty much the all talk no action crowd, so none of them ever backed up their genius predictions with actual money.


skytopskytop - 2/5/2020 12:43:01 PM
+1 Boost
Tesla falls $130 today. CNBC analyst classifies Tesla shares as DANGEROUS with unsupported price.


SanJoseDriverSanJoseDriver - 2/8/2020 11:09:43 PM
+1 Boost
Seems to have stabilized at $750, which is still insane given where they were a year ago.
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