In early pre-market action the stock is up another $5.59 (+1.39%) to $406.58. This follows on Tuesday's $11.20 jump.
From Barron's, December 11:
Coming into Wednesday trading, Tesla stock was less than $9 away from its all time closing high of $409.97 and less than $14 away from its all time intraday high of $414.50.
Tesla stock will try to make it six consecutive gains on Wednesday as investors await a new all-time high for shares.
Stock in the electric vehicle maker was up 1.3% at $406.06 while S&P 500 and Dow Jones Industrial Average futures were little changed.
Coming into Wednesday trading, Tesla stock was up about 61% year to date and up about 59% since the Nov. 5 election.
Expectations that CEO Elon Musk’s relationship with President-elect Donald Trump will benefit Tesla have helped push shares higher which in turn has led analysts to raise their price targets, which then helped fuel additional stock gains in what’s become a virtuous cycle.
Wall Street has had trouble keeping up with investors. The average analyst target price is up about $40 since the election. The stock has added closer to $150 since Nov. 5....
....MUCH MORE
In addition Tesla reported weekly sales (Reuters via AOL, December 10):
Tesla sells 21,900 EVs in China in first week of Dec, the highest in Q4
And a slew of analyst moves and comments over the course of the last week.
Our most recent links were to Barron's December 9:
"Tesla Stock Rises. A Record High Is In Sight" (TSLA)
And TheStreet, December 6:
Tesla Gets Some Nice Words And A Higher Price Target From Bank of America (TSLA)
