Tesla tries for new highsJuly 26, 2013: 12:14 PM ET
Tesla shares (TSLA) made a run at record highs early Friday in a burst of optimism following an upgrade by Deutsche Bank.
But the stock struggled to hold the $130 level as the morning wore on, sparking a debate on StockTwits over how much the electric car maker is worth.
The sky's the limit, say the bulls.
Why stop there?
Hold on a second, let's not get carried away.
After a spectacular run this year, Tesla shares have been volatile as investors await the company's second-quarter report next month.
The 10-year old company, founded by tech entrepreneur Elon Musk, is expected to narrow its losses to 17 cents per share, which would be a marked improvement over the 89-cents-a-share loss in last year's second quarter.
That's typical of the kind of emotions investors have for Tesla. They seem to either love it unconditionally, or hate it with a passion.
Wall Street analysts are also very divided.
Friday's upgrade from Deutsche Bank comes little more than a week after a bearish report from Goldman Sachs sent Tesla shares down 14% in one day.
Of course, Tesla's stock bounced back the day after Goldman's report came out, as new buyers took the opportunity to get back in.