The Buzz
Tesla shares get a jolt
April 16, 2013: 1:04 PM ETTesla's stock is on a tear this year.
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 week)? Allowing buyers to purchase the Tesla Model S plug-in without making a large down payment, and with the ability to sell it back at a guaranteed value after three years.
The reaction? A big dud, with shares falling more than 7%.
Still, it's not like Tesla's stock is suffering. Shares are up more than 28% this year. And let's be honest. The company isn't doing too poorly either.
Earlier this month, Tesla said it expected to announce its first quarterly profit ever when it reports earnings next month. Sales of the Model S are expected to be a big driver.
While there may not be any tangible news behind Tuesday's surge, StockTwits traders had plenty to say.
howardlindzon
$TSLA pretty much at all-time highs...Tesla wants to lead the market and its the right company to do it (long) Bullish
You said it howardlindzon. Not only is Tesla poised to report its first profit, it's trying to making some new moves in Texas.
CEO Elon Musk was recently making the rounds in the Lone Star State to make a case for selling cars directly to consumers. Tesla has galleries in Austin and Houston but no franchise dealerships.
chicagosean
$TSLA just upgraded to the race track... Bullish
Cute.
ivanhoff
There is a strong underlying bid for $TSLA. It is shaping out to be one of the leading stocks in 2013
Not entirely sure if chicagosean was referring to the stock but given the 28% run this year, I'm with ivanhoff.
Just take a look at how the stock has done since 2011.... shares have rallied almost 70%.
smarterthanyou
$TSLA With such a huge short interest, $50s could happen in a flash. Not a stock to be short right now. On the verge.
Good point smarterthanyou (and nice handle too). Shorts coming in to cover could be part of the reason behind Tuesday's spike. (Short sellers borrow shares with plans to sell when the stock goes down.)
But it doesn't explain the longer term gains. I think there are still some good fundamentals driving Tesla forward.
-
Wanna invest like Buffett? There's an app for that
Who doesn't want to be a billionaire? A new app, aptly named iBillionaire, won't turn you into one. But it makes it easier for you to invest like one.
iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling.
Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff MORE
Catherine Tymkiw - Apr 10, 2013 11:23 AM ET -
Corn prices spike amid Midwest drought
Corn prices have soared more than 40% in recent weeks as the scorching, dry heat wreaks havoc on crops in the Midwest.
Prices went as high as $7.33 per bushel of corn on the Chicago Board of Trade Monday, not far from the record high of $7.9975 hit last June, amid worries about flood damage. Prices eased slightly Tuesday, as investors await the U.S. Department of Agriculture's updated forecast for harvest yields, which is due MORE
Hibah Yousuf - Jul 10, 2012 11:52 AM ETPosted in: agriculture, commodities, corn, corn prices, crops, drought, invest, usda, weather, yield -
Facebook IPO: Outraged investor cries grow louder
So it's been a week since Facebook (FB) went public and investors are getting angrier by the day. As Wall Street's losses mount, it's the smaller investors who want Facebook to 'show them the money!,' to quote Rod Tidwell (played by Cuba Gooding Jr.) in Jerry Maguire.
"I think we were all lied to and deceived about the value of FB from the very beginging (sic) and that something should be MORE
Catherine Tymkiw - May 25, 2012 3:29 PM ET
- Diamonds are forever: Zale soars(0:51)
- Herbalife soars. Get Bill Ackman a vitamin?(1:01)
- Will Tumblr make Yahoo cool again?(1:16)
- No life of luxury: Nordstrom stock falls(0:52)
- Kohl's is the anti Wal-Mart(1:03)
- Nothing runs like a Deere (investor)(1:16)
- Who says video game stocks are dead?(1:22)
- Bond investors fear another 1994(1:09)
