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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.

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

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

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

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?

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.

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

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

http://www.bloomberg.com/news/2012-04-02/square-hires-tesla-executive-am...

Could be a great time to buy TSLA cheap.

Articles on Reyes came out Monday.

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

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

@Brian, where are you getting this data?

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

http://news.investors.com/article/606729/201204041431/tesla-motors-stock-down-fisker-automotive-sedan.htm

That explains.

~ Prash.

Prash - That was it. Thx

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

Just another buying opportunity!!

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

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.

Disco;
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 http://ca.finance.yahoo.com/echarts?s=TSLA#symbol=tsla;range=1d;compare=...

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

@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: http://www.reuters.com/article/2012/04/08/us-tesla-taqa-update-idUSBRE83...?

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:

http://gulfnews.com/business/oil-gas/taqa-exits-tesla-invests-in-kurdist...

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.

sofl;
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!

Hope this news doesn't stop the TSLA stock from going up tomorrow: http://www.hybridcars.com/news/battery-lab-explosion-rocks-gm-tech-cente...

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

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?

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

http://www.teslamotorsclub.com/showthread.php/8280-TSLA-Investor-Discuss...

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 TeslaMotorsClub.com:

http://www.teslamotors.com/forums/discussions/general

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.

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.

Anyone know whether the short interest has changed?


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