Monday, April 1, 2013

Why We Don't Short Tesla: The stock is up 16% On The Day (TSLA)

Forty-four bucks even, up $6.11.
Here's one version of our standard spiel on TSLA:
June 13, 2012
Yesterday the stock closed at $29.66.

Although it is smack dab in our Energy/Policy/Alt wheelhouse we have very few posts on Tesla.
On a personal level I didn't have much interest in government subsidized $100K playthings.
On the other hand, as an investment the stock always seemed to be in stronger hands* than the battery companies or other fashion-forward issues, poo-pooing it didn't seem like good advice for our readers.
So I didn't post much on TSLA....
*From our June 29, 2010 post "Who Wins in the Tesla IPO?" (TSLA):

This is neither an offer to sell nor a solicitation of an offer to buy...

I went over some of my reasons for shying away from IPO's when A123 came public in September, 2009.
(priced at $13.50, first day close $20.29, close yesterday $9.88)
I am interested in the VC biz and here earth2tech did a bang-up job...
Some serious money is listed. and here we are, almost three years later going back to earth2tech:

 
 Tesla’s stock is soaring Monday morning on news late Sunday night that the company will turn its first profit in the first quarter of 2013, for both non-GAAP and GAAP (generally accepted accounting principles). Tesla had already given guidance last month that it expected a non-GAAP profit next quarter, but now Tesla says it will be profitable in Q1 for GAAP, as well, regardless of non-cash options and warrant-related expenses....MORE
Fisker on the other hand....wait, they're circling the drain. A123 went BK and the Chinese bought the battery tech.
Recently:
Feb. 21  
"As Tesla Eyes Profit, Elon Musk Wants to Punch Himself in the Face" (TSLA)
March 27 
The Tesla Powered Mercedes Electric: It's a Baby Benz