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.

BYT | 3 april 2012

Sometimes the shorts have to cover and TSLA is a heavily shorted stock!

Discoducky | 4 april 2012

Well, TSLA dropped nearly $3 this morning and is most likely due to the market as a whole dropping.

So I bought back the stock at $35.18 that I sold yesterday at $38.01

Brian H | 4 april 2012

Yeah, the opening drop was on a 300K volume spike, followed by 200K. Odd!

Brian H | 4 april 2012

Maybe the Kevin See LUX event? Maybe some attendees panicked.

Nice timing there, BYT! Are commissions a significant offset with all the in/outs you're doing?

Mike_ModelS_P457 | 4 april 2012

I've honestly been concerned the stock is too high. I'm thinking I'll buy more at $34... I suspect they are under promising and will surprise and delight reservation holders and the market in the near future. Well, at least I hope that is the case.

Brian H | 4 april 2012

Do you think you'll see $34 again? If so, when? Soon?

rd2 | 4 april 2012

Ricardo Reyes was hired away by Square today. That is almost certainly the reason for the drop

Could be a great time to buy TSLA cheap.

ckessel | 4 april 2012

Articles on Reyes came out Monday.

rd2 | 4 april 2012

thanks for the correction. Then I have no idea why it's dropping today. Sorry.

Liz G | 4 april 2012

Stupid me I had my stop loss too low. So it sold at $35 and now its just bouncing around that number and i have to decide to wait and see if its going to drop some more so I can buy back in without lossing any money. Or if I should buy in now as it ain't going any lower and take the few dollar hit. Argh

Discoducky | 4 april 2012

@Brian, where are you getting this data?

prash.saka | 4 april 2012

It looks like there was a single block sale of 7.3 million shares of TSLA by Abu Dhabi Water and Electricity Co.

That explains.

~ Prash.

David M. | 4 april 2012

Prash - That was it. Thx

Strap in. It will be a wild ride for TSLA stock in 2012.

DeDe | 4 april 2012

Just another buying opportunity!!

BYT | 4 april 2012

Awesome, that means it's a buy opportunity in my book!

Mike_ModelS_P457 | 4 april 2012

I'm not saying it will or will not go that low, that was just the number I set... I honestly hope it goes up.

Discoducky | 5 april 2012
Brian H | 5 april 2012

I keep 4 Tesla tabs open for quick reference: one to the top Forum page, one for the particular forum I've most recently used, one for the specific page, like this, I'm reading or posting on, and one to;range=1d;compare=...

:) It gives a realtime price, and a 15-min-delay chart.

Discoducky | 8 april 2012

@Brian, cool, I use the Yahoo finance page as well since it usually agregates the data better and seems to update faster than eTrade, Fidelity, Bing, Google...etc

Also, I'm feeling better about the recent *big* trade as it seems the reason (I'm inferring by reading between the lines) was to free up capital to make another purchase according to this article:

Soflauthor | 8 april 2012

I'm in the middle east at the moment. The news here is that Taqa is very positive about Tesla but that it's investment in TM is not within it's "core" investments so it's taking a profit. See:

Discoducky | 9 april 2012

Thanks for the link, there's some good tidbits in there like how they are actually still invested in TM to the tune of 4%:

Outstanding debt
Stephen Kersley, chief financial officer, earlier put Taqa's total outstanding debt at the end of 2011 at Dh72.1 billion, of which nearly half is project debt and the remainder corporate debt.
Aabar Investments, a sovereign wealth fund owned by Abu Dhabi through its International Petroleum Investment Company, owns around 4 per cent of Tesla.

Brian H | 9 april 2012

I wonder how many of the bigs in the fund/region have Ses and Xes on order ... it will be interesting to see how that goes down!

Discoducky | 11 april 2012

Hope this news doesn't stop the TSLA stock from going up tomorrow:

BYT | 11 april 2012

Probably will, market is desperate for bad news it seems and it wouldn't surprise me but then again... Buying opportunity anyone?

tomas.hutters | 8 mei 2012

A bit odd to discuss TSLA in the Model S forum, but never mind...

I could not but notice that the shares seem to be up for a serious beating today - currently, it is under 30. Have the shorters spread new odd rumors à la "It's a brick" before tomorrow's conference call?

BYT | 8 mei 2012

@tomas.hutters, I agree that it's odd to discuss here so we took it to the forums to chat about in nauseam.

BYT | 8 mei 2012

I guess to be fair I should also reference that the subject of TSLA stock can also be discussed here on these forums, but they really get into it there on

tomas.hutters | 8 mei 2012

Thanks BYT - it is definitely much more exciting at TMC! And I am pleased to see that you are doing some good deeds over there (well, at least trying to).
I mainly read the Model S topics here, remembered that there was a TSLA thread, and used it - the thread under General seemed very drowsy.

Oh well, let's end it here to avoid adding more noise to the Model S forum.

EdG | 13 juli 2012

Looks like a steady incline in the stock price today. As I write this it's above $34 and climbing. Maybe the Forbes article is starting to catch some interest.

Teoatawki | 13 juli 2012

Anyone know whether the short interest has changed? | 13 juli 2012

I'm thinking there is a short squeeze coming sometime in the next month. The negative spin authors (recycling old fear & doubt) seem to be getting less print time. Nothing can beat the solid business plan (production thru marketing) that TSLA has made a reality.

Sudre_ | 13 juli 2012

If they start getting the deliveries out the door ahead of schedule we will be in the $40 range in no time.

Brian H | 16 juli 2012

Holy Macadoodle, Andy! Up $5 since Thurs 12th, 3 trading days. Steady smooth climb, too! I guess having rolling rubber meet the road is starting to register.

Volumes much higher than the preceding few days, too. Fresh squeezed shortie juice, anyone? \9-p

Brian H | 16 juli 2012

Just to clarify, since Thus. opening @ $31, closed Mon 16th @ $36.

Brian H | 16 juli 2012

At this rate, it will hit $40 again sometime Thurs 19th! | 16 juli 2012

I don't think we are seeing the short squeeze yet. That steady climb will spike when the short position people decide to cut their losses. Most don't have to for a few months yet. Full disclosure: I am long on Tesla & I work in healthcare.

Brian H | 16 juli 2012

Lessee -- if the stock were to go up 1¢ per S delivery, by about Nov. 1 it would be $70. Then add the short squeeze spike, and ... <8-0 !!

Sudre_ | 16 juli 2012

I am sure once it's gets to cocky there will be a sudden 5 million plus trade again all at once.

nickjhowe | 16 juli 2012

With the positive write ups at Motor Trend, etc. I guessed there was some upside so jumped in at $32. At least I have a paper profit right now. :-)

jbunn | 16 juli 2012

Honestly, I had been expecting this since the first 10 deliveries, especialy after the great press. It was a bit perplexing when it just kind of sat there. During that time the entire market was going to hell in a handbasket over Europe, but at least TSLA was outperforming the major indexes. Then it finaly started breaking out within the last week. Kind of the moment we all expected, but it just came a few weeks late... : )

EdG | 17 juli 2012

@Sudre: we have a winner. Stock down thus far today on significant volume. | 17 juli 2012

No worries-- the usual purveyors of FUD are out today trying to reduce the TSLA stock price...fundamentals unchanged and trending remains positive....

Whity Whiteman | 17 juli 2012
Brian H | 18 juli 2012

Profit-taking is a more likely explanation.

Whity Whiteman | 18 juli 2012

I think, there is a big fear in the market about Obama loosing his election...
but it could be a combination of this and profit taking- after days of glory )

kublai | 18 juli 2012

Just in this AM:

Wednesday, July 18, 7:48 AM Wunderlich Securities takes its rating on Tesla Motors (TSLA) down to Sell from Buy and slashes its price target on shares by 43% to $28. The firm expects lower production in Q3 from the automaker and says an "execution issue" needs to be resolved. TSLA -3.3% premarket.

Does this explain the change in delivery dates for Sig holders on this and TMC forums?

Volker.Berlin | 18 juli 2012

I wonder what kind of source they have. We will probably learn more on the next quarterly call, but that's still a couple weeks away.

Nelson T. | 18 juli 2012

Wunderlich Securities remarked, “We are lowering our estimates, rating, and target for Tesla (TSLA) on likely 3Q12 production cuts for sales of the Model S. The shares, which recently reached $36, have fallen on both profit taking and the growing realization that 3Q12 estimates are at risk, with production likely coming in at the low end of the range. While the company is sticking to its 5,000 unit forecast for 2012, how it gets there becomes a second issue for it to resolve. While we believe that TSLA is doing everything right from a business perspective and has demonstrated superiority of design, we believe the market may pause to see how it handles the execution, allowing the shares to retrace the year's gains. We are lowering our rating to Sell and our target to $28.”

Isn't Wunderlich one of the bulls on Tesla before?

John56 | 18 juli 2012

Yeah, the shorts and naysayers are out in force now that it appears word of delays is leaking out. I'm long Tesla and can't wait for my delivery (P#1117), but these latest delays do make me a little nervous, from an investor perspective. But from a buyers perspective, a couple month delay is well worth it to make sure they have the quality right. Delays beyond a couple of months though would no doubt spook a number of people into cancelling and/or delaying their deliveries I think.

DJ Frustration | 18 juli 2012

Curious enough, it's 10:16AM EDT and the stock climbed back up to 33.12 (down only -0.23%). Looks like it wasn't that big of a deal.