Seeking Alpha

Tesla Motors continues to rally off of Detroit Auto Show buzz

  • Tesla Motors (TSLA +4.6%) continues to rally a day after execs at the Detroit Auto Show pounded out the message that the automaker would pursue relentless growth in 2014 and tipped off Q4 production ahead of guidance.
  • The velocity of the rise in shares caught some Tesla watchers off-guard after the automaker surprised some by not unveiling more details on the Model X or a sneak peek of the vehicle.
  • Shares of Tesla have cleared the $170 level for the first time since November.
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Comments (19)
  • jmjjmj1
    , contributor
    Comments (177) | Send Message
     
    our next model will fly you to the moon and cook your dinner...EM
    15 Jan 2014, 09:49 AM Reply Like
  • Mark Krieger
    , contributor
    Comments (4474) | Send Message
     
    already way south of $170.....the shares have apparently already shot their load
    15 Jan 2014, 09:51 AM Reply Like
  • EarlyMorningTrader
    , contributor
    Comments (88) | Send Message
     
    "already".....Wow...."... is $35 a share over yesterday's low. And this ain't Google...That's a meaningful percentage over the $136 it saw yesterday. What would you have considered substantial? Doubling? Oh... and "way south" is $1.75 at this moment. Your choice of adjectives gives you away. Short on the stock, huh. Or maybe didn't buy when you should have.
    15 Jan 2014, 10:03 AM Reply Like
  • Ford Prefect 1969
    , contributor
    Comments (2282) | Send Message
     
    "already way south of $170.....the shares have apparently already shot their load"

     

    I think if you check the charts the trend of the underlying strength has picked up nicely where it left off yesterday. The after hours spike to $170 was a few smart shorts covering. The rest will doubtless get squeezed well into the $200s
    15 Jan 2014, 11:14 AM Reply Like
  • chfp
    , contributor
    Comments (593) | Send Message
     
    Kriegs sounds like a glass-half-empty sour-grapes kinda guy...
    15 Jan 2014, 03:36 PM Reply Like
  • joenjensen
    , contributor
    Comments (708) | Send Message
     
    Shot his load............sounds like he missed it again.........or just more sour grapes.
    15 Jan 2014, 07:43 PM Reply Like
  • chopchop0
    , contributor
    Comments (3950) | Send Message
     
    "I think if you check the charts the trend of the underlying strength has picked up nicely where it left off yesterday. The after hours spike to $170 was a few smart shorts covering. The rest will doubtless get squeezed well into the $200s"

     

    Great insight. (TSLA) already at $171+ as I type this!

     

    Kicking myself for only nibbling in the low $120s after the big selloff.
    16 Jan 2014, 02:03 PM Reply Like
  • EarlyMorningTrader
    , contributor
    Comments (88) | Send Message
     
    To all those who were short the stock yesterday morning: It may be a volatile cult stock, but you really shouldn't have shorted it because you're betting against the favorite. More people want to see this company succeed than want to see it fail. You can calculate and chart and rationalize until you're blue in the face, but shorting this stock is like shorting apple pie, the American way and Superman. So now you're in a squeeze. Again.
    15 Jan 2014, 09:55 AM Reply Like
  • lzl1007
    , contributor
    Comments (788) | Send Message
     
    So true that "more people want to see the company succeed than to see it fail..." Tesla has such a positive aura because it represents good cause to improve people's lives(cleaner air, safety, modern, etc) in addition to commercial calculation. Though the stock is volatile due to mass speculation, but real investors will be there to stay and participate the gain with the company.
    Never into car or auto sector, I still wish to see Tesla succeed !!!
    15 Jan 2014, 10:57 AM Reply Like
  • Tri Duong
    , contributor
    Comments (1511) | Send Message
     
    ~35% short interest

     

    Share price have high resistance at $140-150 range. Any good news seems to boost the stock at least $10. I hope people are covering. I know some people will wait years so they don't have to log in a loss and hope for a dip. If they wait that long and Tesla gets to the $400+ range, they're in for the worst short squeeze they can imagine. I don't think I can would ever bet against EM when he continues to outperform every quarter.
    16 Jan 2014, 07:30 AM Reply Like
  • chopchop0
    , contributor
    Comments (3950) | Send Message
     
    "I don't think I can would ever bet against EM when he continues to outperform every quarter."

     

    Yup. TSLA's greatest strength is also it's greatest weakness.... Elon Mush
    16 Jan 2014, 02:05 PM Reply Like
  • James Peartree
    , contributor
    Comments (117) | Send Message
     
    EarlyMorningTrader got it right! This stock is propelled by the good winds of popular love and faith. Shorters are in effect p*ssing in the wind. They do get wet in the process.
    15 Jan 2014, 10:12 AM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4375) | Send Message
     
    It will only get worse for the shorts as the year progresses and Musk starts laying out the plans for the gigafactory for all to see. He'll be announcing partners, giving interviews in which he tells how green the factory will be, choosing a site, holding a ground-breaking ceremony, getting politicians lined up on stages behind him with golden shovels. Plus of course they'll be turning out cars right and left and delivering them all across the US, Europe, and China and adding supercharging stations right and left. Not a good time to be short Tesla.
    15 Jan 2014, 11:58 AM Reply Like
  • Surf Dog
    , contributor
    Comments (826) | Send Message
     
    I could not have said it better myself LOL!!!

     

    Short Pain is our gain.

     

    This rally is far from over.
    15 Jan 2014, 01:11 PM Reply Like
  • azgog
    , contributor
    Comments (204) | Send Message
     
    Most people want to see Tesla succeed: An American Company with original patented technology, an effective management team, manufacturing award winning cars in America and offering a highly disruptive vision that leaves Big OIl and legacy automakers in the dust. The only ones wanting it to fail are the last two and the parasite investors who seek a short profit. Maybe they should be shorting the companies that have no vision at all except exporting jobs, making weapons and consumer junk while polluting the global environment in the process.

     

    In 3 years Tesla will have 3 models of a car that can (and increasingly will) run on sunshine at 20% the cost of benzene or any other hydrocarbon. That's revolutionary.
    15 Jan 2014, 01:02 PM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (664) | Send Message
     
    Surprise, surprise ... here comes Tesla again! Actually it never was gone ... it was just those who thought that a little problem or two would stop it. Too bad for them ... before long Tesla will top 200! Can't wait for the first Model Xs, and then the Model Fs.
    15 Jan 2014, 01:40 PM Reply Like
  • joeinslw@gmail.com
    , contributor
    Comments (706) | Send Message
     
    Good Comments Cassina, but it's awful quiet in SA today....I wonder why?
    15 Jan 2014, 04:42 PM Reply Like
  • surferbroadband
    , contributor
    Comments (2749) | Send Message
     
    Comments here are bordering on being rated R or X.

     

    "Shorters are in effect p*ssing in the wind. They do get wet in the process. "

     

    and then there is

     

    "already way south of $170.....the shares have apparently already shot their load"

     

    Now what "load" was he talking about?

     

    I now know why to get Internet service you have to be over 18 years old.
    15 Jan 2014, 01:49 PM Reply Like
  • joeinslw@gmail.com
    , contributor
    Comments (706) | Send Message
     
    Tesla comes out with good news and we get a preview of what's coming, I wonder why some others just can't see it coming, or don't understand why it should be coming, that's the sad part.
    15 Jan 2014, 04:51 PM Reply Like
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