Tesla will beat and raise but the question is: Coming off of yesterday's intra-day all-time high of $58.18 has the subsequent $5.00 decline flushed out the weakest speculators to set up another run?
I mean an 8.6% decline over 30 hours should be enough but you never know.
$58.18 down 81 cents last. Earnings May 8.
Here's the 5-day chart from Yahoo Finance:
And here's Schaeffer's Research:
...Up more than 59% year-to-date to hover at $53.99, TSLA saw its price target lifted to $62 from $45 at Baird in pre-market activity. The stock has also bested the broader S&P 500 Index (SPX) by almost 42 percentage points during the past two months, yet the short-term options crowd is decidedly bearish toward Tesla Motors Inc. The equity's Schaeffer's put/call open interest ratio (SOIR) sits at 1.26, with puts outpacing calls among options expiring in the next three months. This ratio is just 4 percentage points shy of a yearly acme, meaning near-term options players have rarely been more put-heavy toward TSLA during the past 12 months....In addition to the puts there are a lot of shorts. Via NASDAQ:
Hedge Fund: Tesla Is the Next Apple or Google?
Arizona hedge fund firm Longboard Asset Management predicts a huge short squeeze in Tesla that will drive the stock to $100 within the next 18 months. MarketWatch's Rex Crum reports.
