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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.

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

At 1 pm EST, stabilized around $45.

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

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".

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

And way back up today! Playing around the $46 mark.

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."

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

@ 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

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.

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;-)

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

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

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

Correction, that was open. 56.70.

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?

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

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...

The short squeeze might be beginning??

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.

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.

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

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

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

www.teslamodels.wordpress.com

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

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.

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."

(I wish we could edit posts here.)

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

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


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