Shares of Tesla Inc (TSLA) are trading 10% higher at a price of $816.93 at the time of this writing. The price move came amid a flurry of news around the electric vehicle maker's sale of bitcoin, production issues in it's china factory, and rumors that TSLA will get an exclusive lane at the U.S. Mexico border crossing.
Tesla Inc has been trading between a 52-week high of $1243.49 and a 52-week low of $620.57. The stock has a market cap of $847 Billion.
Tesla’s mission is to accelerate the world’s transition to sustainable energy. Since its founding in 2003, Tesla has broken new barriers in developing high-performance automobiles that are not only the world’s best and highest-selling pure electric vehicles—with long range and absolutely no tailpipe emissions—but also the safest, highest-rated cars on the road in the world. Beyond the flagship Model S sedan and the falcon-winged door Model X sports utility vehicle, Tesla also offers a smaller, simpler and more affordable mid-sized sedan, Model 3, which it is expected will truly propel electric vehicles into the mainstream.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:PerformerNo4354 - 17 upvotes -
sourceHoly fuck, just saw tsla. Congrats to call and shareholders. Sorry bers
HBOMinimum - 17 upvotes -
sourceTSLA is a $17 stock
likelamike - 16 upvotes -
source$TSLA market cap has went up $71B today and the p/e now sits ~110x after posting a $2.5B revenue decline q/q. Yup, bottom is in guys!
trackrecord330 - 16 upvotes -
sourceTook profit on QQQ puts this morning but I spent that money on TSLA puts that are getting absolutely rocked. JPow has every fucking reason for 100bps minimum lol
bubblesinajar - 16 upvotes -
source2021: TSLA rises on news of Bitcorn position 2022: TSLA rises on news of Bitcorn sale
hmkr - 14 upvotes -
sourcerofl at the people shorting tsla. I learned my lesson after losing 3k in 1hr.
Whatslifespurpose - 14 upvotes -
sourceSo TSLA misses on revenue and completely misses on gross margins and it goes back up to $800 with a PE of 105? You’re kidding right
AllCallsNoPuts - 13 upvotes -
sourceI think I’ve age 10 years since entering this TSLA out position
mathboom123 - 13 upvotes -
sourceMillionaire made on TSLA
Senor_Moonman - 13 upvotes -
sourceTSLA keeping SPY from dying today.