These sorts of moves can cripple you financially or at minimum make you question your understanding of life and your place in the universe.
Or something. The stock is up $19.09 (+11.91%) at $179.36. That's on top of Thursday's $15.84 (10.96%) gap up. Total +$34.93 (+24.19). Keeping in mind that his is a $565 billion market cap, I wouldn't touch it here.
From ZeroHedge:
The Squeeze Is On: Tesla Shares Rocket Higher, Now Up 20% In Two Days, MS Re-its "Top Pick
Tesla shares have continued to move sharply higher since the company's earnings report this week, with shares now over 70% higher than recent lows that were made just weeks ago.
Shares caught a tailwind when earnings this week were far less catastrophic than many on the street anticipated. Shares had been crushed, falling more than 70% from peak to trough over the last year and setting up an environment where shares could whipsaw higher, carrying out shorts, on any better than expected news.
Recall, for the quarter, Tesla reported:
Revenue was a record $24.318BN, up 37% Y/Y, beating the consensus estimate of $24.1BN
Adj EPS $1.19, up 40% Y/Y, and also beating the consensus estimate of $1.12
Free cash flow $1.42BN, down 49% Y/Y, and missing estimates of $3.13BN
Capital expenditure $1.86 billion, up 3%, missing estimates of $1.9 billion
Bottom line: Tesla reported better-than expected profits amid growing skepticism about the auto industry, and signaled strength as it faces growing questions about demand for its all-electric vehicle lineup. Today's squeeze is also being helped along by what appears to be retail piling back into the stock via massive, near dated call buying:...
....MUCH MORE, they really hit all the highlights
As always we, the directionally challenged, thank the Tyler Durdens (for they are multiple) for the arrow on the chart.
