This post was originally written on July 9, 2013 at http://www.optiontiger.com/tesla-motors-tsla-gets-some-respect/
As of next week (July 15th specifically, Tesla Motors (NASDAQ:TSLA) is finally getting the respect it may deserve. TSLA enters the Nasdaq-100 (NDX Index) on that day, replacing Oracle (NYSE:ORCL), which moves to the NYSE.
TSLA's market cap is $12B, no chump change. However, critics have arguably not given it the respect many say it deserves. And the stock itself has suddenly burst into the scene, and in the last 3 to 4 months, has been one of the biggest movers in terms of Average True Range (about 8 to 10 points per day).
To be clear, TSLA is far from profitability, and general consumer perception places their cars in the "exotic" category, something the company may have worked on intentionally.
But the cars are stylish, have serious performance and most importantly, are 100% battery-run. You've gotta love that..
As for the stock, this could be a boost since index funds are bound by their charter to add new entrants to their portfolio. Short-term BULLISH…
Do you trade TSLA ? Let us know. If you don't, you should look at the Options. It's definitely one of the more exciting, tradable Options right now…
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.