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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.

martijn | 2013年5月7日

Went over 62,- to fall to 57,- on high volume.
Are the shorters busy again or what?

dsterdee | 2013年5月7日

I can't understand why TSLA is so volatile today. Up to over 62, now down to 56 with no bad news? People worried that tomorrows press will be bad? I'm loosing my shirt here! I bought options to go UP not down!

Whity Whiteman | 2013年5月7日

... AND there was the announcement with Auto-Pilot-Cars and Google ... what is the matter? Must be technicly driven. Searched the web for anything negativ... or does someone out there know something today, what we see in the tommorow news?

Sorry for my bad english- I'm just a german =)

dsecrist | 2013年5月7日

My guess is that it is simply people taking advantage of the recent price run up and locking in their profits. The fact that Q1 will be profitable is already baked into the stock price. So, if people believe that there won't be any new and exciting news in the announcement tomorrow, then the news will either leave the price unchanged or it will drop. If you believe that, then it is better to sell today.

I, on the other hand, am long TSLA and have no intention of selling my shares before or after tomorrow's announcement.

dsterdee | 2013年5月7日

I just hope they meet or exceed estimates. A + $0.50 would be awesome haha.

kent | 2013年5月7日

In the past, Tesla has gone down after last several announcements. I think you are seeing people taking profits before loading back up with Tesla stock.

I closed out this morning. I might miss a rise after the announcement, but I will decide Thursday the next trend.

From my bank account, I thought about shorting Tesla today, but I could not bring myself to do it. I would have made a few bucks, but I'll stand buy to get back in first as it will rise again.

herkimer | 2013年5月7日

I used this little drawback to buy more shares in TSLA
cost averaging to 42, and will remain long

Following news on TSLA in recent months, one begins to recognize a masterful choreography behind this procession of announcements.
More evidence every week of the skill in timing, planning, and execution, that TM continues to show (even in adapting to and responding to mistakes).

Without advertising Tesla is constantly in the news and takes advantage of adversity!

And if the Consumer Reports review of the Model S July's upcoming edition really says it is the "best vehicle we have ever tested," then watch out for a real spike in demand, and just as the car is reaching new markets in Europe, and shortly after in Asia.

All this reinforces confidence that 1Q earnings and future guidance will look better than the preview offered in early April.
Summer will really open up the playbook, IMO.

jk2014 | 2013年5月7日

I think the emerging selling point , surprisingly for me, is the exceptional safety. Maybe the best in the world for any sedan.

Would love to see Elon get into some superlatives here with future interviews. Can't underestimate a customers value of driving the safest vehicle on the road in all weather conditions. Follows the peace of mind theme.

Damian | 2013年5月7日

Speaking of short interest, what do you call a midget psychic who just escaped prison?

A small medium at large.

And now back to your regularly scheduled program...

kilimats | 2013年5月7日

so my trading account got activated today, and like a kid i bought all my shares when the market open, guess what happen few minutes after that, DOWNNNNNN, for f*** sakes lol

I guess i should have listen the 10am trading rule :(

nickjhowe | 2013年5月23日

Closed at 92.73 today (6.29%) and up at $93.00 in after hours.

David70 | 2013年5月24日

Well. I sold about half my TSLA yesterday at my limit of $92.40. It pays for my Model S, and leaves me with the other half for long term.

rchiang | 2013年5月24日

Its still going up. I want to wait until it reach 100's until I sell my.

Brian H | 2013年5月24日

Just $3 to go to hit that level!

nickjhowe | 2013年5月28日

Stock hit 103 pre market this morning. Looking like it will open around 101. Egads!

RZitrin1 | 2013年5月28日

nickj, THAT's over the speed limit!

Richard ;)

jonesxander | 2013年5月28日

@Rchiang, I bet you're seriously considering holding still haha!

I tried the day trade thing with Tesla. Unfortunately I've missed the boat a couple of times when the stock surged. Made up some ground with the volitility, (buy low, sell $1.50 higher, rinse, repeat) but it seems that I'm able to play with less and less shares cause the darned thing keeps going up!

Just hold.

Wait until Gen III year 2, then decide if you wanna sell.

jk2014 | 2013年5月28日

Cory johnson. Anytime he says anything on bloomberg the stock goes up.

Brian H | 2013年5月28日

3:45, 108 and surging, final push started about 3:15. I smell crapped-up shorts.

rdalcanto | 2013年5月28日

Makes me so mad at myself for not buying more when it was at 50!!! Of course at the time, I thought I was taking a gamble buying 200 shares....

nickjhowe | 2013年5月28日

Closed at 110.3. Speechless.

rchiang | 2013年5月28日

jonesxander: Yea I think I'm going to keep it until there is some indication that might drop. I wonder if there was anybody here that already paid for their MS in full by now if they sold their stock?

nickjhowe | 2013年5月28日

Me: Pre-tax yes, not post tax (yet).

Jason Calacanis (owner of Sig 0001) paid for his car when the stock went from 19 to 38 the first time.

Oh to have bought in at 19....

gary.greene | 2013年5月28日

Let's get back on topic on this thread. Anyone know what caused the stock to jump so much today?

jonesxander | 2013年5月28日

Speculation. I haven't seen anything as far as their planned announcement.

Supercharger will be cross country LA to NY for free, cause it up to go up another $20/share I would imagine. The $125 price point for the convertible shares comes and goes, and Musk looks even more like a genius.

That's what I would guess.

Then next week, another announcement with Google/Yahoo/Apple, and boom, easily up to $200/share.

David70 | 2013年5月28日

@rchiang,

Sold half my shares @ $92.4 last week. That paid for the car. With the $7500 tax credit it may have paid for the taxes on income from what I will have to take out of my IRA. I'll have to ask my tax person to see if it will pay for all of it. If I don't take the 4+4 service plan, it will probably pay for everything.

lph | 2013年5月28日

Bordring on 113 in after hours trading!

amir | 2013年5月28日

Guys, while I am obsessed with my Model S and love the company, I am getting worried that the stock is getting so overheated that a major correction is unavoidable. I think Tesla has a good chance of becoming the GM of EVs and changing the automotive market but I think the radical stock movement of the last month will harm it in the long term.

DouglasR | 2013年5月28日

Sure, maybe it will drop, but I bought so little that I feel absolutely no compulsion to get out, and can ride it as far as it goes. Sheer genius! ;)

rchiang | 2013年5月28日

david70: That's awesome! Only I wished I got it low around 30's and I would made some money plus the car. But can't complain what's going on now...

Andrew18 | 2013年5月28日

We are holding on as well. I think this pony has some miles left on it.

JAFIC | 2013年5月29日

I don't know about the rest of you. But I am holding. so far to the best of my knowledge, there's still nothing that can compete with Model S ...so yeah. Infinite on stock positon.

If there's a competitor though, I may re-consider

Vawlkus | 2013年5月29日

Unless something bad happens, I'm not even considering selling until after Gen IIIs release. There's just too much potential here for me to ignore.

nickjhowe | 2013年6月27日

Getting back up towards its all time high - 109.25 right now.

nickjhowe | 2013年7月1日

Closed today at 117.18. All time high.

KevinR.co.us | 2013年7月1日

Continuing to climb after hours...

DanielR | 2013年7月1日

"TSLA surged to a record high after a Jefferies Group LLC analyst almost doubled her price target for the maker of electric cars and increased estimates of its 2013 deliveries".
http://www.bloomberg.com/news/2013-07-01/tesla-jumps-to-record-after-ana...

Jamon | 2013年7月8日

Tesla will be replacing Oracle on the Nasdaq 100. Looks like it was announced after the market closed today. That's got to be helpful for the stock price!

http://mobile.reuters.com/article/idUSL4N0FF0FQ20130709?irpc=43

Brian H | 2013年7月9日

Well, it bumped up to close in the $123+ range, and reached a new all-time high over $125. Is that enough 4U?
;)

SamO | 2013年7月9日

@Brian H,

Not yet.

jonesxander | 2013年7月9日

@brian h, no not nearly yet. :)

nickjhowe | 2013年7月9日

When it enters on 15th it should prompt institutional purchasing. See http://seekingalpha.com/article/1541232-tesla-gets-a-big-etf-promotion

nickjhowe | 2013年7月16日

Looks like massive profit taking today - get ready to jump (back) in you folks that missed the last rally. Currently (2:30pm ET) down 14.5% at 108.47 and still falling.

NomoDinos | 2013年7月16日

That would be me :) Just dumped some apple to get more TSLA

cloroxbb | 2013年7月16日

I am about to pick up a bunch of stock. Just going to see if it continues to decline or levels off before I buy.

I don't entirely understand how exactly stocks work, and I was ready to buy some back when it was in the $50s. Wish I would have just pulled the trigger then.

rdalcanto | 2013年7月16日

Unfortunately I had bought some at 130 a couple of days ago. Will probably buy more tomorrow though at 109. In 10 years it will be worth much more no matter where we buy right now. At least I hope.... :)

NomoDinos | 2013年7月16日

The 25th should be interesting, I'm betting we'll get a very nice bounce. Even so, +1 @rdalcanto, this is definitely a multi-year hold (unless Elon decides to move to Mars)

KINGTRADER | 2013年7月16日

Today's 15% drop is due to a lot of reasons. Goldman analyst released a report containing 3 scenarios of Tesla's sales to reflect its current share price. Slapped a price target of Tesla @ $84. This report was released at a 'perfect timing' I said perfect bc 1. Tesla rallied to all time high of nearly $130 a share. 2. Market rallied up for 8 consecutive days. 3. No one is sure of Tesla's current sale #s since last quarter. 4. Investors are withdrawing and awaiting for Feds/Bernanke's testimony tomorrow. All this is triggering a domino's affect to cause the 15% drop. Not to mention a whole new wave of short sellers adding on to the float. This stock is now nearly 30% shorted. So there you go.

I have 0 position, but this drop is def a good opportunity for me. Any stock that drop this significantly in 1 day, you can expect some sort of rebound. I may initiate a position at these ranges. Earlier I said 'perfect' timing is bc I'm sure Goldman has some sort of planning behind the report, they may be one of the biggest short sellers of Tesla OR wanting to buy @ low. I've been in the trading market long enough and experienced this type of techniques. These firm slaps a price target downgrade using bear raid and scare people to sell so they can accumulate LOTS of shares prior earnings release date. Thus I never fully believe these analyst reports but my own due diligence. IF CEO holds truth of his words about good sales @ Hong Kong/International, this may be a good sign for earnings. Earnings will justify a bit of the share price. Should it go up or down. I normally invest for good product of the company. Tesla is a good product. But its as important to invest in a good management/CEO.

If sales aren't up as it supposed to, Tesla may need to lower their $ pricing for the vehicle to mass sell this. Currently Tesla's pricing is putting it as a luxury car.

Bighorn | 2013年7月16日

@NMD
Q2 results are August 7, so we wait...

carlk | 2013年7月16日

Tesla's SEC filing disclosed one of the conditions Elon must meet to vest his 5 million shares worth of bonuses is Tesla market cap reaches 43.5 billion (about 350 share price). That should give us a good indication of what Tesla and Elon's goal is as far as stock price is concerned. Do you rather to trust Elon to achieve it or not? I'm holding the stock for the long term.

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