Tesla: Chartmeister Tim Knight Has Some Thoughts (TSLA)

Adjusting for the stock splits (3:1 and 5:1) the $17 June 2010 IPO adjusts down to $1.1333.

$413.02 up $12.03 (+3.00%) last.

From Mr. Knight's Slope of Hope website, December 10:

Torrential Tesla 

For those not acquainted with my TSLA bona fides, I have been writing in the most glowing terms about Elon Musk and his creations for over a decade. Here is just one example from almost a dozen years ago (a post so old, the graphics don’t even exist on the server anymore!) in which I wrote:

Within days, I’m picking up a Model S (long-since reserved; there’s a 

one-year wait). I have a deep fondness for Tesla; their founder, Elon 

Musk, is an incredible entrepreneur; the attention to detail to the 

product line is Steve Jobsian, and the chart looks poised to break out. 

I’m going old school and buying a bunch of stock for my kids, getting 

it in certificate form, and shoving it into a safe deposit box. I think 

this company has a very bright future ahead.

I’d say I nailed that prediction, wouldn’t you?

More recently, the stock has, having been battered to pieces only seven months ago, been doing something unthinkable: approaching its lifetime highs, established over three years ago. It teased the zone above $400 yesterday, but today it’s actually managing to hold the level.

Looking at the daily chart, you can see how the election has worked wonders for Tesla, as it is now once again the proud member of the trillion dollar club....

....MUCH MORE

READ on. Borrowing an idea from Shakespeare: the sting is in the tail. —The Taming of the Shrew via No Fear Shakespeare

Earlier today:
"Tesla Stock Heads for 6 Days of Gains. Here’s Why." (TSLA)