Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last year.
Tesla has sold roughly 7,000 Model S cars since then.
Investors may also be liking the latest driver-friendly warranty being offered by Tesla. In a bid to draw in even more buyers, the automaker is offering a 'no fault' warranty for its Model S batteries.
And it's come up with new financing options for the Model S to make it even easier (and cheaper) to buy the plug-in vehicle.
Tesla CEO Elon Musk loves to take to Twitter to make announcements and engage with consumers. @elonmusk has more than 191,000 followers.
He's not alone. StockTwits traders took to the airwaves to cheer Tesla on.
That's a good point. There are probably a bunch of naysayers out there who now wish they had placed big bets on the stock rising instead of falling.
I can't rightly answer that. But I can say it seems to have a bit more room on the upside. Though, many StockTwits traders are calling out the shorts for "squeezing" the stock at this level. That may very well be playing into today's pop since there isn't any definitive news.
But I also think there are those who want to get in before the earnings release.
That's really bullish!
Bet that owner wishes those new financing options were around when they bought it
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Tesla may be the Apple of the auto business. By that, I mean it's a company that's disrupting an entire industry ... not that it's a stock going nowhere fast.
When you look at Tesla (TSLA) MOREPaul R. La Monica - Apr 23, 2013 1:09 PM ET
Talk about electrified.
Shares of electric car maker Tesla spiked 6% Tuesday, nearly hitting a new high, on heavy trading volume.
Tesla generated a lot of buzz last month after CEO Elon Musk tweeted about a game changing announcement.
Really exciting @teslamotors announcement coming on Thursday. Am going to put my money where my mouth is in v major way.
— Elon Musk (@elonmusk) March 25, 2013
The news (which hit the airwaves last MORECatherine Tymkiw - Apr 16, 2013 1:04 PM ET
The idea of a driving an electric car has always intrigued me, but after reading a New York Times review of the Tesla (TSLA) Model S on I-95, it sounds like a total nightmare.
According to the writer, the battery on the Model S drained much quicker than promised in cold weather during a recent trip up and down the East Coast. With only a few charging stations in the Northeast, the writer was forced MOREMaureen Farrell - Feb 11, 2013 3:02 PM ET
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