What caused TSLA stock to go up/down today?

What caused TSLA stock to go up/down today?

Hoping this thread might pick up steam as TSLA stock goes through some amazing intra-day and open/closing swings due to the large short interest (I'm assuming).

For instance: Yesterday the stock dipped really low at closing so I bought. Today it jumped back up and I sold for a healthy profit.

Why did the stock dip yesterday and then rise so much today? I didn't see any news that would justify it.

ghillair | 01. April 2013

I can't believe I am the first to this tread today.

Up $5.00 in the first hour and still climbing. 30,000,000 shares still short that need to be covered. Should be an interesting week, especially if Elon's announcement tomorrow is some thing that adds to the mix.

bradslee | 01. April 2013

We are longs on TSLA and we know this is just the beginning. We will buy TSLA when it dips and hold it when days like today.

GenIIIBuyer | 01. April 2013

I think we all know why it went up today!

As a TSLA long, I may not have to wait for the Gen 3 :)

30M shares short, 3M shares traded so far today and stock up 18%.

Vawlkus | 01. April 2013

*sigh* really wishing I'd had the option to buy more stock back when I did. Ah well, I'm still up 2k.

shop | 01. April 2013

So this is what a short squeeze looks like? Thing of beauty...

Kleist | 01. April 2013

Wait for Tuesday... This is probably a one two punch.

kilimats | 01. April 2013

i had a big smile today, rushed to the computer to SELLLLLLL :)

herkimer | 01. April 2013

@shop couldn't agree more: Thing of beauty!

kilimats | 01. April 2013

With whom do you guys trasde with ? my site ( charge me $19 commission ouch !

Captain_Zap | 01. April 2013

Is this the "tsunami of pain" for the shorts or is that going to be delivered later?

ghillair | 01. April 2013


Tsunamis frequently come in multiple waves. This is just wave one.
How many more?, not sure.

GoTeslaChicago | 01. April 2013

New short interest released 3/26/2013:

32,316,654 a new high.

Contrast to this listing of top 10 institutional shareholders of Tesla stock with combined holdings of over 40 million shares:

Institutional shareholders are usually strong hands, and long term holders. If the aforementioned don't sell their holdings, who will the shorts by back their 32 million shares from? And at what price?

"i had a big smile today, rushed to the computer to SELLLLLLL :)"

Kilmats, I understand the smile, but not the rush to sell.

JZ13 | 01. April 2013

I wonder if this is the big news that Elon had delayed until Tuesday. Maybe it came a day early? I hope not, I hope there is more good news tomorrow.

brewdr | 01. April 2013

Elon tweeted that this was not the news he was talking about. He also stated that Tuesday's news is arguably more important. Let's hope the momentum continues.

celtrog | 01. April 2013

Shorts got kicked IN THE SHORTS today.....
It will get worse for them as the covering gets more painful.
I am long on TSLA with a large interest...
There is a story to tell here which is only starting....
I sold Apple way too early.
Not missing his one

bobinfla | 01. April 2013

Bueller? (silence)

Bueller? (silence)

J. Peterson? (silence)

J. Peterson? (silence)

kilimats | 01. April 2013


The rush to sell is because i like riding the wave, sell on top of it and buy again when its low. makes more $$ that way :)

if you got a better way let me know

ginsbergr | 01. April 2013

No one, not the best traders can time the market as there are too many variables and psychology of the trade plays an even bigger part of this unknown. Good luck riding the wave, but, many times, the wave just gets bigger and your point of entry gets too expensive?

GoTeslaChicago | 01. April 2013


Selling at a high point, and buying a dip can be good. I did it myself the day before the last earnings report, and bought back in 15% lower after 4 days. (see my post from that time)


Good news like we just had, can be a precursor of more to come. What if the shorts are trapped by the move higher, and as of the moment, too paralyzed to act? It may take several more days/weeks of pain, before they throw in the towel enmass.

It could make todays higher opening price the low of the move, not the high.

One way I decide a trade is to ask my self will I feel worse if I sell and the stock keeps going up and I lose my position, or will I feel worse if I don't sell and the stock has a temporary dip that I miss out on. In this case the chance of selling and losing my Tesla position is the worse risk (for me).

jk2014 | 01. April 2013

What's the deal from Cory Johnson of Bloomberg News? Nothing but negative on today's news of Q1 profitability. I mean every segment he appears on...

Brian H | 02. April 2013

Peaked at 45.40 just after open, holding around 44.40. Elon's reveal comes 1 hr. after close. Tomorrow s/b interesting.

Brian H | 02. April 2013

At 1 pm EST, stabilized around $45.

Brian H | 12. April 2013

Despite being near all-time highs, note that YTD TSLA is up only about 20% and SCTY is up about 70%!!

Brian H | 16. April 2013

I think Elon's big Service announcement that P85s would be made as loaners sent the stock down today. Why? Because it means TM is now "demand constrained" in its sales, not "production constrained".

teslaver | 16. April 2013

or is the stock just following the market.. albeit in an exaggerated manner .. high beta?

Brian H | 16. April 2013

And way back up today! Playing around the $46 mark. | 16. April 2013

FRom 4Traders column: "As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP."

GoTeslaChicago | 23. April 2013

Sold my Tesla stock today. Chart is starting to go parabolic and it just seemed to be rising at an unsustainable pace.

Nicu.Mihalache | 23. April 2013

@ GoTeslaChicago

congrats on nice profits - they are more valuable than the pie in the sky (eventual future larger profits); even if the raise continues, you should not be sorry, as there is no way to predict that today

GoTeslaChicago | 23. April 2013

When I sold before the last earnings report I bought back a few days later for 15% less. Hoping to do something similar again. Although possibly near term overpriced, Tesla is still a long term buy.

Runar | 23. April 2013

SC news any day now, combined with the current short squeeze. I wouldnt hold my breath waiting for a huge drop in share prices just yet;-)

Brian H | 23. April 2013

Wow, peaked around $53 today! So, let's run a lottery -- when will it first touch $60? :D

DouglasR | 23. April 2013

@Brian -- or you could just buy a call option.

Brian H | 06. Mai 2013

Another 4% bump this weekend, on fairly good volume. 54.30.

Brian H | 06. Mai 2013

Correction, that was open. 56.70.

Brian H | 06. Mai 2013

New all-time high. Touched 59.66, just before closing at 59.50! Up 9% in one day. A conjunction of Technical, Value, and Sentiment buyers?

DanielR | 06. Mai 2013

TSLA also getting some good press in advance of their May 8 1st quarter earnings announcement.

jk2014 | 06. Mai 2013

Iron Man did big business at the box office. Can't discount tangential exposure for Elon (and Tesla) to a wider audience because of it...

Don't forget the short squeeze hasn't happened yet either...

David M. | 06. Mai 2013

The short squeeze might be beginning??

ak-tually55 | 06. Mai 2013

Anybody selling some TSLA before Q1 results on May 8th? Very nice gain in a short amount of time; I just wonder if there is more downside risk than upside in a short-term view if they do not completely hit the ball out of the park with this earnings report.

jk2014 | 06. Mai 2013

Elon has to have surprise tid bit outside profitability to have market respond positively post Q1 call.

If he can express unexpected bump in demand convincingly, watch out big time... a lot of naysayers are betting on demand weakening, so, if it is in fact going up and looks to be that way through 2014 (Elon says he's well on the way to selling out in 2014 at current production rate) then tsunami of hurt could be fairly substantial.

Again IMHO, the squeeze depends on a surprise demand strength going into 2014 announced at Q1.

kilimats | 06. Mai 2013

so my question is simple, will the stock crash if the earning are good or only if they are small or negative ?

celtrog | 06. Mai 2013

Big article today LA Times....
pushed stock higher (IMHO)

Cattledog | 06. Mai 2013

jk2014 - Where do you have it that 2014 (as in fourteen) production is well on its way to selling out?

jk2014 | 06. Mai 2013

cattledog -- I meant it as an example statement Elon could make at the conference call that might help trigger the squeeze. (For example, Elon...)

fluxemag | 06. Mai 2013

I think the best part of this is how many owners also own the stock. For me the potential profits cover a big chunk of the car's price. I put over a quarter of my (non-retirement) portfolio into TSLA last November. Lots of sleepless nights with such a gamble on a speculative position. The rest of my stocks are all super boring dividend paying blue chips. But the forums really told the story before the numbers were officially announced. On top of my equity position, I had bought a bunch of Jan 13 $35 calls trying to leverage up. Figuring there would be an announcement in the new year based on the deliveries and reservations I saw on this forum and TMC. That expired worthless. Would have paid for the car at today's price. So close!

This whole earnings call comes down to gross margin and current reservation pace. Gut feel is we end up lower on mixed news. Let's hope I'm wrong.

Anthony H | 06. Mai 2013

We own the stock (small positions) in three different family accounts. In mine alone, so far, I've paid for the 21" wheels. The wife argued against that option*, but now it's a non-issue. :)

W: Do you really need 21" wheels?"
H: "Yes."

Anthony H | 06. Mai 2013

(I wish we could edit posts here.)

W: "$3,500!?! Do you really need 21" wheels?
H: "Yes." (Duh.)

cgiGuy | 07. Mai 2013

Already at $61 in the pre-market this morning.. keep going TSLA!