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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.

teresa
sorry i should have mentioned that original article from Crains automotive came out on August 27, 2012 - 3:48 pm ET. Also, i said "may have". I really think markets are manipulated to a certain extent. tsla is up today on little news.

I believe TSLA dropped yesterday on news that GM may be temporarily shutting down their VOLT plant for a month, due to lack of demand.

Yeah that's kinda silly but the market sees EVs as interconnected.

@archibaldcrane, It hasn't dawned on them that the base volt is just over $10,000 less than the base Model S with > 100 mile range, and that potential volt owners are pausing to look at the Model S.

I know my journey started with the Volt & Leaf, and the for $10,000 more I get get a "real car" argument. Of course a backed slowly into Signature #915. which is a whole lot more than a volt or leaf. :)

I don't like calling a Volt or a Fisker Karma an EV, they are Hybrids pure and simple and are marketing it as an EV very loosely!

Eh, they're EVs with abysmal range :)

I've been watching the Tesla stock for the better part of two years...Every time it dips near $25/share, it comes right back up again...I don't think it's going to go (significantly) lower that $25, and when/if it hits at/near $25, I'm going to stop watching and start buying for once.

Elon was quoted late today that he expects a profit in 2013. Curious to see if that announcement will nudge the stock.
http://www.foxbusiness.com/news/2012/08/29/tesla-motors-ceo-expects-firs...

IMHO-- this may be the last opportunity for bargains on TSLA.

With all the delays, we may have several weeks of "bargains" coming.

BTW, I'm not bashing Tesla, I am actively averaging down on my calls. But we should be prepared to even deeper discounts, they are not out of question.

Yow, down $2 today, to about $27.50! Any news or explanation? The ramp looks like it's getting good, so nothing occurs to me.

This article might help:

http://www.dailyfinance.com/2012/09/10/mondays-big-manufacturing-movers/

At least we can rule out the announcement of maintenance prices :) I hope it drops a little more tomorrow and I will buy more (I'm 24, which means I will have to spend my beer money, but pretty sure it will be worth it) .

I'll drink to that!
Or not...

Up $1.50 so far today, to $31.90. Is the "ramp up" getting results?

Morgan Stanley is one reason for today's bump up:
Morgan Stanley weighed in on TSLA this morning, upgrading the stock to "overweight" from "underweight" and lifting its price target by $5 to $50. The brokerage firm said analysts' overall expectations have been dampened by delivery delays, leaving the door wide open for TSLA to outperform. "We expect the Model S to be a commercially successful product that can trigger even greater volumes of Model X and its derivatives," Morgan Stanley wrote.

"Sell on news" is the name of the game... again. Nice buying opportunity before it goes back up (and beyond)! :-)

"Tesla Motors Announces Follow-on Offering"
http://ir.teslamotors.com/releasedetail.cfm?ReleaseID=709221

"Ahead of the Bell: Tesla shares fall on outlook"
http://www.cnbc.com/id/49162131

I wonder if Elon timed the supercharger announcement to counter the negative effect of the SEC filing. Seems like the stock is hanging in there despite some analysts trying to beat it down.

The strategy of announcing the Super Charger Network and the additional shares simultaneously is simply brilliant. Stock is getting hammered, but focus on the future is helping it recover.

It's now official; the filing says the ramp back of projections is:

"We now anticipate that we will deliver between 200 and 225 Model S vehicles to customers in the third quarter and between 2,500 and 3,000 Model S vehicles in the fourth quarter. As such, we believe we will be approximately four to five weeks behind our previously announced Model S delivery goals as of the end of 2012. As of September 23, 2012, we have delivered 132 Model S vehicles to customers which includes 42 vehicles delivered during the week ended September 23, 2012."

The critical issue is the ability to produce at the desired rate (400/wk) without blowing up! So that's what TM aims to establish.

But it's doubtful anything but 85kWh cars will get delivered this year, it seems.

At first on reading this I thought "Oh no. It's going to dilute the stock too much." But then, it's less than 15% of the existing stock and will probably guarantee the supercharger network and continued viability of Tesla until enough sales have been made.

Hi David,

With 105 million shares outstanding, the new stock is less than 5% dilution.

"David70 | SEPTEMBER 25, 2012
At first on reading this I thought "Oh no. It's going to dilute the stock too much." But then, it's less than 15% of the existing stock "

As I posted on August 2, if there is a secondary you should buy the news, as the rumor has already been sold.

I did my 2 cents worth and bought 360 (more) shares today.

I too picked up some extra stock today on the dip. I was kicking myself for not buying before the Supercharger announcement last night. Just finished a Refi yesterday, so I could finally touch my accounts again.

Elon and company definitely timed their Supercharger/SEC announcement well. If today's news came with no positives from the SC announcement, the shorts would be pounding their chests.

The production news is actually in line with the Morgan Stanley numbers in their upgrade last week, so that news is probably exaggerated right now.

As of 9/14/2012 the short interest has risen to a new all time high of 30,079,911 shares.
This is an increase of almost 4 million shares sold short in 2 months time.

A secondary of about 5 million shares including the 10% over allotment will not help the shorts that much.

Obviously somebody, or a lot of somebodies has a big incentive to talk the stock down.

Not saying it is John Petersen, but maybe somebody he knows....

I was sort of hoping for a short squeeze by the end of the year. I'm thinking this is looking less likely for this year. Any predictions from those more knowledgable?

nobody knows the day or the hour.....

My guess- about 5-6 months from now. Several thousand S's will be on the streets, the supercharger network will be building out at a rapid pace, the reservation list will be exploding, spring will be in the air, the sap will be rising... You get the idea.

By the way the chart doesn't look that promising yet. Several more month of base building will result in the proper conditions for a sustained breakout.

My 2 cents.

@GoTeslaChicago
Thanks

It will be very interesting/relevant to observe what happens to reservations after this SC announcement. If there are, as I suspect, a fairly large # of prospects who backed off from range anxiety, and are still enough in touch to hear of the development, there could be some many changed minds coming on board.

Then there is the segment that tracks "auto news", or dips into it now that the "2013 model year" announcements and reviews are picking up, and were unaware of Tesla previously. "Free intercity refueling? Wassup with that?"

Etc.

Darn I have a few more days before I have another $24K available to invest and Tesla's stock is going back up already!


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