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.

Captain_Zap | September 2, 2014

Congrats on the 500th post.

I guess we can check back in here in a year or two to find out what it really was.

tes-s | September 2, 2014

@JZ - if you read the paragraph, you will see that I am correct.

JZ13 | September 2, 2014

@tes-s - not sure which paragraph you are looking at but the one that Jamon posted says nothing of a $100 PT. It does talk about $100/kWh which will drive the stock towards $400 and up, not $100.

tes-s | September 2, 2014

You obviously did not read what I wrote.

tes-s | September 2, 2014

If you are still confused, read what @Jamon wrote. I think then you will see that I am correct.

Jamon | September 2, 2014

@tes-s your short abrasive replies aren't doing any good here. You make a lot of really good points on this forum, then so much of it gets overlooked or buried because of the tone of your response to people. If you would take the time to write a couple sentences explaining what you mean it would go a long way. Not for your sake (I get the feeling you're not looking for any friends here), but for those of us who are here to expand our knowledge and enjoy the experience. You have a lot to offer, and I wish you could present it in a way that others will be amenable to.
(unless this is PBEndo spoofing tes-s, in which case I would feel foolish...)

AlMc | September 2, 2014

Well at least one analyst agrees with tes-s: BOA analyst has had a $75 price target for what seems like eons.

Personally, I believe we see $400 before $100 (unless we have a stock split..which I doubt) but anything is possible.

*****What I find truly remarkable is that analyst at BOA still has a job or at the very least, is allowed to cover TM.*****

tes-s | September 2, 2014

@Jamon - if you follow the thread, you see my simple post got an abrasive response from @JZ, to which I replied in kind. From his post I did not believe he was interested in an explanation so did not bother - you, being a kinder person that I, did write a very nice explanation...which was ignored.

@AIMc - Just to clarify, I have not stated an opinion on a price target.

Bighorn | September 2, 2014

BOA will raise their price target to $78 by year's end--you can take that to the bank.

Jamon | September 2, 2014

@tes-s of course I followed the thread. I agree your simple post got an abrasive response. I believe that abrasive response was unfair, but also expected given your history of posting contrarian viewpoints. I see you as a very intelligent Tesla enthusiast with a very realistic view of the current and future challenges faced by Tesla. Most other members think you're spreading FUD. Maybe I'm wrong about your intentions ... but I don't think so. Spending a few minutes to back up a controversial statement with facts and/or well reasoned opinions can save tons of time down the road dealing with people attacking you as a troll. And it's not just your time - but the time of hundreds of readers who follow the thread.

Here's the way I look at it: when we leave this forum, nobody will care whether you were right, or who was smarter than everyone else. But if you can convince people to consider their views through a different paradigm, you might actually make a profound difference in their life. You have a unique perspective, and if it's worth your time to post so much in this forum, I think it's worth the effort to really make it matter.

AlMc | September 2, 2014

tes-s: Poor wording on my part. I meant to say/imply that $100 PT that you discussed as a possibility is in the range of the BOA analyst

tes-s | September 2, 2014

@AIMc - that is what I thought, just didn't want any chance of someone misinterpreting and thinking I was stating an opinion on a price target. I don't believe I have ever stated an opinion on a price target. I am not a securities analyst.

You understood my point - two people looking at the same information can come to different conclusions about where the future will lead. I even think one person looking at the same information can come to different conclusions.

Knowing the sensitivity of this forum to anything that could possibly be perceived as negative on TSLA, I even put a :) in my post. But that was not enough for the idealogues...

Iowa92x | September 2, 2014

To Tes and others questioning the current TSLA price, do you say the same about Amazon? They lose money every quarter and have a P/E ratio of 899 (yikes).

Stock is often priced for predicted future gain, not current earnings. Investors predict Amazon to become profitable in the future, hence the $342 stock price. Similar pattern for Tesla. Not that complicated.

Haters gonna hate....I made $2,000 today on TSLA, and I'm a puny investor.

Captain_Zap | September 2, 2014

Can we avoid throwing this historical account of Tesla events and prices off track and stay on topic?

AlMc | September 2, 2014

I am not trying to defend anyone who thinks TSLA may be $100 someday and I doubt anyone that has posted in the last 12 hours is saying they believe it to be true. I believe they are trying to say that a technical case can be made for $100 share price.

Personally, I do not believe we will see $100, or for that matter $200, again without a stock split.

Congrats to all my TM forum investor friends that are 'long' on the stock. I bought some Sept 5 calls last week that look great after today's price action.

Good luck to all longs as we try to push over $300.

I told my wife 8 months ago that if we hit/hold $300 by Jan 2015 that I would retire. I do not know if she is happy or sad about that as we approach that PT. :)

Red Sage ca us | September 2, 2014

Jamon wrote quite fairly of tes-s with, "I see you as a very intelligent Tesla enthusiast with a very realistic view of the current and future challenges faced by Tesla. Most other members think you're spreading FUD."

I share this sentiment. I may jibe at tes-s a bit from time-to-time, but I do respect his opinions, even when I disagree with them. His posts allow us a different sense of perspective on data that may at times be received in a 'too optimistic' light by folks such as myself. ;-) I like the balance he offers for the sake of those who would dub us all 'Kool-Aid Drinkers'. That said, Kool-Aid is better than Hater-Aid any day of the week... Though Mr Jim Cramer may yet disagree.

tes-s wrote, "You understood my point - two people looking at the same information can come to different conclusions about where the future will lead. I even think one person looking at the same information can come to different conclusions."

See? Perfectly rational and well-reasoned. I agree. This time. ;-)

NomoDinos | September 2, 2014

Ahhhhhh... It's like Groundhog's day. I always get the itch to sell it all off when it jumps like this and buy in again later, but I'm definitely not savvy enough an investor to time the market like that...

I think I wrote this exact post around this time last year. Yikes, I need some new material.

Captain_Zap | September 2, 2014

Put some calamine lotion on it and check back in another year.

NomoDinos | September 2, 2014

Oooooohhh... aaaaaahhhhh. Thanks Cap, much better ;)

Jamon | September 2, 2014

@NoMo - if you haven't already, you should look into options trading. That will really satisfy your itch to take quick gains, while letting your regular shares ride for the long term. TSLA options have funded my ability to hold (and buy more!) TSLA shares over the last year and a half. In January I'll get to buy more shares at $70, and again at $200 thanks to my options!

NomoDinos | September 2, 2014

Jamon - That sounds right up my alley! I'm definitely going to have to get some edumacation about the process first, though. I'll pick you brain more on the tour!

SamO | September 2, 2014

Cramer is now recommending buy TSLA . . . sign of the apocalypse?

tes-s | September 3, 2014

@Iowa - I did state an opinion on the current TSLA price, or the future TSLA price.

tes-s | September 3, 2014

Here's a good read:

Love the caption on the picture - "Resistance is futile".

J.T. | September 3, 2014

@Jamon I am impressed with your demeanor in your conversations about tes-s's communication skills. The thing is I appreciate the way tes-s posts. There are certainly some around here who seem to think that anyone who writes one sentence when they could have said the same thing in 4 is just not trying. Brevity is the result of a focused mind.

What you didn't bring up is that the reader must consider the source. I know what to expect from the regulars and they pretty much know what to expect from me. No one is going to call tes-s an "apologist" and he does have the reputation for throwing a wet blanket on some of the unbridled enthusiasm, but like you said, he's very smart and if he's pointing out the other side I want to know what he thinks and I don't need polite language and flowery adjectives to get his point.

Sure, some people might be more receptive when contrary arguments are couched in certain language, but who has that kind of time?

Jamon | September 3, 2014

@J.T. - I agree completely, and like you I appreciate the brevity. The problem is that so many posters here (including many regulars) don't see the benefit of his posts, or don't take the time to think about the intention behind his words. Then the whole thread gets sidetracked and everyone loses (and this happens often, as you know). I'm not asking for "polite language and flowery adjectives" from tes-s - just another couple sentences to more clearly state what he is leaving implied. He clearly has "that kind of time" to banter about it for many consecutive days in some threads. Taking the time upfront to explain his position a little bit more would save everyone's time in the end.

rdalcanto | September 3, 2014
tes-s | September 3, 2014

@J.T. - points well taken; I'll try to do better.

@Jamon - thank you for the feedback. I do understand what you are saying, and in the future I will try to post more clearly. That should avoid some confusion of misunderstanding going forward.

:) ;)

Jamon | September 3, 2014

Awesome! Now if we could just get the rest of the forum to stop attacking your opinions when they don't like them...

Brian H | September 3, 2014

Cramer is reporting the views of some chartists; dunno if he's actually endorsing them.

BusinessInsider is suggesting no other EV companies are up to the mark or challenge. Tesla is succeeding wildly, but failing to inspire copy-cats and the competitors it wants. So TM is now, and for the foreseeable future, an example no one dares emulate!

AlMc | September 3, 2014

Forums are to share ideas and hopefully learn something If we all have the same opinion(s0 this will become an exceedingly boring place.

Thanks tes-s...If you go over to JT's thread about 'Tips/FAQs' you may be able to win a bagel.


What will make price on TSLA move tomorrow: Not the Nevada governor's press conference....Elon will have one later in the day and announce this is only the first of three GFs. That they will be using mobileye for Driver Assistance and Sapphire GTAT for pano roof.....Wait...That was just a dream I had when I fell asleep at the keyboard....

nickjhowe | September 3, 2014

To prove just how long I am I bought more stock today at $282. I'll probably weep during the correction, but I plan to be smiling in another 12 months.

SamO | September 3, 2014

Good catch Brian H. Cramer is not bullish on the stock he is just repeating what somebody else says is going to happen.

mikeybaby | September 5, 2014

"One of the few roadblocks standing in the way of Tesla Motors Inc.’s rallying stock price apparently is the company’s own widely revered chief executive.

Elon Musk, CEO of the upstart electric car maker, offered his latest warning to Wall Street this week, saying his company’s stock price is “kind of high.” The comments came as Tesla confirmed it would build a $5 billion battery factory in Nevada.

“I think our stock price is kind of high right now to be totally honest,” Mr. Musk said at a news conference Thursday in Carson City, Nevada. “If you care about the long term, Tesla, I think the stock is a good price. If you look at the short term, it is less clear.”

- Wall Street Journal, September 5, 2014

Elon you make truly great cars. I love my model S. I have also made a significant investment in TESLA stock. Did I mention that you make great cars?

Bighorn | September 5, 2014

I think it was Elon's easter egg to those of us awaiting a pull-back in order to buy more shares.

Captain_Zap | September 5, 2014

Intraday ATH 9/4 Pre-Gigafactory announcement $291.42.

After the post-announcement gift from Elon to the yearning longs and the shorts that needed to cover, the close today was $277.39.

Who knows what is next.

Bighorn | September 5, 2014

Was I the only one poised to buy long today?

NomoDinos | September 5, 2014

Bighorn - think so ... well, you and Nick, at least :)

Pilot_51 @US-MI | September 5, 2014

“If you care about the long term, Tesla, I think the stock is a good price. If you look at the short term, it is less clear.”
It can't get much clearer than that. He's intentionally scaring the shorts out to give longs a dip to jump in on. Longs are far more loyal to Tesla than shorts and he would rather have them at the stockholder meetings. Great strategy if you ask me.

Captain_Zap | September 5, 2014

@BH - I have a pile of cash set aside for opportunities.

Bighorn | September 5, 2014

I have binders full of cash:) One nagging concept--diversification.

Captain_Zap | September 5, 2014

@BH - Good one!

AlMc | September 5, 2014

I added some more TSLA today. We may trade sideways for awhile...I suspect till Q3 ER.

NomoDinos | September 5, 2014

Pilot_51 - I hadn't thought of it that way, you're probably right. | September 15, 2014

TSLA & Tesla-- Great Rides!

Kpg81 | September 15, 2014

Call me crazy, how many of these people who added TSLA a couple weeks ago will go radio silent now TSLA has broken support and is in the stages of a turn in trend? Lets build the snowball and let it roll downhill, right? lol

Kutu | September 15, 2014

@KevinR - It is certainly a great ride. I might add more stock on this dip!

Kpg81 | September 15, 2014

@Kutu, add on this dip, and the next .. and the next.. and feel the pain. I remember when AAPL tanked from $705 and people bought every dip down to $385 and then sold at a loss when the fear got real. Then it recovered over a year later. If buying dips it might work in the long term, but man.. you are gonna feel sick in the process.. wait for it to settle then load the truck

carlk | September 15, 2014

Today's price, or for that matter last week's, has ZERO correlation to what the company will be worth in 5~10 years. That is the least I will keep most of my TSLA stocks.

Captain_Zap | September 15, 2014

An analyst that usually does great analysis of Tesla's long term plan seems to be suddenly afraid of driverless cars.

A good number of the shorts finished covering in the last couple weeks. Short interest is lower according to the last report too. It looks like short interest could go up again after this move if they don't all pack up and go home. Tesla does tend to have perma-shorts.

This stock moves both ways but tends to have more big moves upwards than downwards. Maybe the exit of some shorts will lead to more price stability. I'll watch close to see what they are doing about this.

This might be a great opportunity coming after the volatility cools down. I'll still be holding for the execution of the master plan. I don't need a big tax bill anyway.

That's just my thinking. There could be other news out there too.