Tesla Stock Continues To Surge As It Puts The Squeeze On Landlords

Tesla’s (TSLA) stock price keeps climbing this morning as the automaker seeks to renegotiate its rent rates based on emails sent to its landlords.

As we reported yesterday, Tesla’s stock has been recovering extremely well from its drop following the broader market correction triggered by the coronavirus pandemic.

Tesla’s stock is surging again today; it’s up more than 30% over the last two days.

USNA1999 - 4/15/2020 12:10:28 PM

+3 Boost

Shorts have been caught with their pant down, again!

carloslassiter - 4/15/2020 3:27:08 PM

-1 Boost

If you like Trump you have to like Musk - this is exactly what Trump would be doing.

supermoto - 4/15/2020 5:15:28 PM

-1 Boost

Tesla will post around a billion dollar loss in Q2 alone.

Every RE lessor in the world is trying to renegotiate rents, or agree to a rent holiday. Landlords don't really have any power at this point. Who else will they lease to? There is going to be a massive wave of bankruptcies coming and a glut of commercial real estate for lease.

carloslassiter - 4/15/2020 6:32:47 PM

+2 Boost

Tesla will post around a billion dollar loss in Q2 alone.
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That's what I said - just as Trump would be doing.

skytop - 4/16/2020 12:33:42 PM

+1 Boost

Wall Street has kept the faith on the long-term growth trend toward electric vehicles, and Tesla is seen by many as the clear leader in terms of EV and battery technology.
Analysts at Goldman Sachs said that they expect EV market penetration to increase from 2% last year to nearly 15% by 2030 even amid lower gas prices due to the ongoing crude-oil supply glut and lower demand.