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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.

+1 Michael S

Noobs' reactions are so ... nooby!

Stocks bouncing around again today, so jumped in a bought some more. Missed the 3% dip earlier in the week, but I'll take the 1% it is down today.

DId I miss some major announcement (setback)? The stock is falling hard and fast today!!

rmbod....earnings miss although revenue up is the cause for the swing

Q4 financials were not perceived as positive but as usual the bean counters are focusing on the wrong numbers:-) I bought more shares this morning.

@Carefree, I did too. If you admired MS and TM, you should be greedy when others fear.

Bank Of America downgraded Tesla stock to underperform and set a target price of $30.... Merrill Lynch also downgraded them.

The free fall in the price triggered the short sale circuit breaker (fortunately). Looks like a buying opportunity again.

You have to remember that BofA and the like are out to make money off their investments. As long as Tesla is not returning dividends they are going to sell off shares to make profit and buy them back when the stock goes down. It's fine with me. Like many here I am keeping what I have. With any luck it will be my early (55) retirement plan.

I've noticed a certain cockiness on the forums and elsewhere recently regarding Tesla's prospects. Anyone who has followed the markets long knows that when cockiness gets too high, a slap down is usually close at hand. Also the potential of a double top at 40 led me to sell yesterday. Planning to buy back soon.

Yeah, I know, it would have looked more prescient if I had posted this yesterday.

So, GTCarnac, what was the question in the envelope?

Bought back in today, $5.05 a share lower than where I sold it. In other words, was able to buy back about 15% more shares than I had before. Why did I do it? First of all there appears to be pretty good support around the $34 area. Second, why get greedy? I made 15% in 4 days. That's equivalent to several years return in a savings account or bonds. That should make me feel good enough even if Tesla still goes lower for a while.

Unless you lose the amount you made when you sold shares before the Q4 report. Almost 9% down that day, over 2% up next day, 4% down yesterday, and barely up for the day with DOW over 115 points. In fact, I think today was the most scary day after the quarterly report. In the long term, TSLA should do well, but I would not have bought it today.

Tesla short interest has gone up 5.5 million shares in the last month and is at a new all time high level.

http://www.nasdaq.com/symbol/tsla/short-interest#.UT9ffaX4DRo

The shares I own long at Schwab have been loaned out to short sellers in exchange for a 4% per annum payment, backed by a letter of credit, so there is no risk to the lender.

It's like being invested in a stock that pays a 4% dividend while you watch it go up.

A breakout above 40 seems imminent. Should be interesting days/weeks ahead.

Are the shorts doubling down? Do they think the reservation flow is faltering? Seems like "fools and their money" time, to me.

Sometimes I think investment firms like BOA can short the stock then give a bad Tesla review and downgrade the company to cash in whenever they want.

Just wait.... Some large firm will soon be coming up with an excuse/report about why they are downgrading Tesla and the stock will drop again on it's usual roller coaster ride.
At least in general it is slowly working up higher and higher.

All time high territory. I wouldn't buy it

Wow, a buck and a half drop today, down to $37.50!! Any news that could have caused that?

More buying opportunity, I guess.

I already mention the news a few posts up. Someone wants to make a quick 3-5mill by selling non-shorted shares they bought at $35 then getting the shares back when their short kicks in. Not to mention about half the people on this forum sell their shares whenever it gets close to 40. We've all seen the posts. Nothing wrong with making a little money.

I must be in the half that didn't sell! (this time)

I didn't because I figure sooner or later, it's going to make it thru $40 and then keep going for several more dollars to the next technical target of $46 to $48.

Also I didn't sell at $40 because I believe you shouldn't go back to the well too many times.

I think the problem is we aren't getting enough data around reservations, and people are assuming that means reservations are slowing. Seems to be a real problem in Europe where the recent reservations are down to 5-6 per day and the prices are very very high due to VAT, import duties, and shipping.

Gas is so expensive in Europe I'd expect more European buyers to step forward especially if gas prices keep climbing.

Worst day after the Q4 report with really no news (at least not found on the net) and lower volume, and it keeps dropping... Henrik Fisker out of Fisker or Model X delay until late 2014 somehow catching up? Probably not.

Oh well, it is a bit like a casino, just with better odds, perhaps.

Pure speculation and not a fact: maybe somebody found out about new stock offering before it is announced to the public. I obviously have no knowledge if it even happens any time soon. Just a thought.

It is JUST like a casino - never invest anything you cannot afford to lose. Looks like shorts covering - they'll feed on each other for a bit, then the 1st quarter results in April/May. There was also some insider action taking some profit. Doesn't seem to want to break 40 though

Short-covering drives prices up, not down, AFAIK.

In a "pure" sense that is true, however, shorts will follow the market and when the stock is lowest they strike. That causes an uptick, and then they wait for those without much backbone to sell on fear. The stock goes down, shorts strike again. Today is a good example - TSLA has been down as much as $1.21 over yesterdays 5% loss, and volume is WAY UP. Short covering continues, as almost 1/2 the stock is shorted when I last checked.

Big fish splashing in the pond...

Interesting way of looking at the stock: At the current $4B valuation, it costs $200,000 to own 1/20,000th of Tesla Motors. Since 20K Models S deliveries in 2013, you could view that as getting the profits from the sale of one car this year. Not a bad deal if gross margins reach 25%.

Of course, the real potential is down the road. At 80,000 cars a year you're up to 5 cars a year. ASP of 50K (mix of GenIII,S,X), and 25% margins grosses 50K profit. Once again, not bad.


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