I probably shouldn't use the word 'explodes' until they have the battery problem completely squared away.
Up $18.17 (14.63%) at $142.34.
From ValueWalk:
Finally some good news for Tesla Motors Inc (TSLA). Shares surged today after analysts issue positive reports and German regulators find no fault with the Model S after the recent fires.
In addition, analysts from at least two firms have issued positive reports on Tesla this morning, adding fuel to the fire, so to speak.
Morgan Stanley calls Tesla’s plunge a buying opportunity
Analysts at Jefferies and Morgan Stanley weighed in on Tesla Motors Inc (NASDAQ:TSLA). Morgan Stanley analyst Adam Jonas listed Tesla as his top pick out of the 26 different companies his firm follows in the U.S. auto industry. Jonas said although the slide after the three Model S fires may have been justified, he expected shares to bounce back because the automaker’s long-term trajectory was still intact. He said the fires shouldn’t cause any “material damage” to Tesla’s business and that they would buy shares.
The analyst has a $153 per share price target on Tesla Motors Inc (NASDAQ:TSLA). He said at the automaker’s highest point, it was “due for a big correction” because there was “little or no valuation support on near-term expectations.” Jonas reiterated his Overweight rating on the automaker.Loyal readers know that I was playing a dangerous game with this one.
Jefferies weighs in on Germany news
Analysts at Jefferies issued their report after Tesla Motors Inc (NASDAQ:TSLA) revealed last night that German regulators ruled not to issue a recall on the Model S after their investigation into the three fires. Jefferies analyst Elaine Kwei reiterated her Buy rating on the automaker, although she did lower her price target to $190 from $210 per share....MORE
Watching (and posting on) the run from pre-IPO to $195.
Catching a decent short on the way down: $164.50 to $126 and then reversing (early)
We started prepping for a bounce with Nov. 8's "Chartology: Tesla Getting Near a Bounce (TSLA)" at $137.80.
That was followed on the 12th by "Tesla's Musk as Equity Analyst: "Stock's high price was a distraction, seems a better deal now" (TSLA)".
Here are some of the posts (for more use the search blog box):
Oct. 7
"Jim Chanos Hints He is Shorting Tesla Short (Sorta)" (TSLA)
The stock is up $2.41 at $183.39.Oct. 23
Chartology: Tesla's Head and Shoulders Formation (TSLA)
The stock is trading down $7.04 at $164.50....Oct. 29
Chartology: Tesla Breaks Down
$156.52 down $6.34.Oct. 31
Watching for a Head-and-Shoulders Chart Formation in Tesla (TSLA)
If one was going to form the next few days should be up.Nov. 5
$158.98 down 24 cents.
Tesla Disappoints ( Verb-3rd person present-fail to fulfill the hopes or expectations...) (TSLA)
In early after-hours the stock is down $16.01 at $160.80November 8
From this morning's "Smart Research: "Tesla's VIN Numbers Indicate The September Quarter Could Have Been Quite Strong" (TSLA)":
This is shaping up as a "Buy on mystery, sell on history" trade. $173.73 down $1.47....
Chartology: Tesla Getting Near a Bounce (TSLA)
The stock is changing hands at $137.80 down $1.97 after bottoming at $132.32.Nov 20
Tesla and the Barclays Downgrade (TSLA)
That's just perfect. Wait patiently for signs of a bottom and finally make the formal buy rec last night* at $126.Anyhoo the question is "What now?"
Have BARC junior analyst come out with the downgrade and I'm right back to 2009...
...The stock is down $6.27 at $119.82, yesterday's low print was $119.22. A solid double-bottom would be an undercut of yesterday's low either today or tomorrow morning to get that Abandon-hope-all-ye-who-enter-here vibe and then onwards to glory.
Or something.
That 2009 call worked out but markets are easier than stocks, no death car fire factor to deal with, for example. Yesterday's pre-market low was $115.60.
Using cutting edge analytical techniques we answered that query in Nov. 19's "UPDATED--By Elon Musk: "The Mission of Tesla"":
...Pulling a number out of one's backside, $160 as a target.Equities: All right Kids, I Think It's Safe to Go Back in the Water
