Insane!
Tesla stock explodes higher again, topping $900 per share
11–20 of 58 posts
Re: Tesla stock explodes higher again, topping $900 per share
#12This is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never…
Would it be worth shorting Tesla now at $900?
Re: Tesla stock explodes higher again, topping $900 per share
#13This is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never…
Would it be worth shorting Tesla now at $900?
Good luck sleeping at night
Re: Tesla stock explodes higher again, topping $900 per share
#14Re: Tesla stock explodes higher again, topping $900 per share
#15This is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never…
Would it be worth shorting Tesla now at $900?
No way to know. $900 seems high but people though $40 was high too a few years ago. No one knows until it's over.
Re: Tesla stock explodes higher again, topping $900 per share
#16Earlier quoted context omitted.
Good luck sleeping at night
Why not? If this is a short squeeze, wouldn't there be a balancing market incentives to short the short squeeze?
Unless you happen to have a magic crystal ball, it's a purely speculative gamble. Nothing about tsla's price is rational right now. The people who shorted yesterday probably thought the same thing...
Re: Tesla stock explodes higher again, topping $900 per share
#17Boris Johnson just announced a ban on petrol and diesel car sales. Probably related to that?
Re: Tesla stock explodes higher again, topping $900 per share
#18if your the market leader without competition on a large addressable market your valuation can essentially be infinite. But most stock trades are being driven now by low interest rates once interest rates become more sensible , we should see more sanity. but thats only half the story, low interest rates just create insane price pressure , there can be lot of +/- ve price pressure. The people on wall street have concluded that musk has a very high batting avg , so they are willing to push that price pressure on to the positive side.
Re: Tesla stock explodes higher again, topping $900 per share
#19This is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never…
As someone who was looking into the stock somewhat seriously way back then, I'll offer an alternative story. That was their first "profitable" quarter, for which they cashed in a bunch of single-use accounting gimmicks. The part that taught me the most at the time was that they then rapidly leveraged that huge rise to issue debt/equity at the new valuation. That cash infusion all but cemented what otherwise would've been quite temporary. Fascinating stuff.
Re: Tesla stock explodes higher again, topping $900 per share
#20Earlier quoted context omitted.
Good luck sleeping at night
Why not? If this is a short squeeze, wouldn't there be a balancing market incentives to short the short squeeze?
Unless you know that all the panic buying has stopped there's no way to know when the stock will stop going up. Not only are the shorts buying but all those that feel they are missing out are buying too. It's a hit or miss situation now.