The Buzz

All markets and investing news all the time

Tesla stock keeps zooming higher

June 4, 2013: 3:30 PM ET

Click the chart to track shares of Tesla.

Shares of Tesla Motors drifted higher Tuesday ahead of the electric car company's annual shareholder meeting.

Tesla (TSLA) shares have surged more than 180% this year, although the stock has pulled back from a high above $110 last month.

Investors are keeping an eye on the meeting for any announcements that could drive the stock back up, but so far the news has been pretty dull.

Tesla executives apparently discussed the company's warranty and a plan to make the Model S available for rent.

One trader on StockTwits came up with an interesting twist on the conventional road side assistance.

$TSLA car fails somewhere outside of CA and a SpaceX rocket picks it up, takes it back for repairs.

There was also some talk about Texas, where lawmakers reportedly rejected a law that would have allowed Tesla to operate its own dealerships in the state.

$TSLA The TX story is now >2wks old. The only difference that it makes is no ability to talk price in the stores, and test drives scheduled

Is Texas that important to $TSLA right now, I mean it is a big oil state. Think they want electric cars? VA- different story. Law makers

Meanwhile, the bulls were reminiscing about last month's gains and some were betting the stock will eventually head higher.

$TSLA is it ok to cheer again?

$TSLA hanging around.. this one will be interesting if momo kicks in at the HOD

My only trade I will make today are $TSLA weekly 100's on any early fade as I expect it to be bought back up - cheers

The bears, of course, were quick to throw cold water on that.

$TSLA I believe TSLA will suffer a huge correction then go up to $150-200 range but before might go lower to $60-75 range Bearish

$TSLA Closing RED...

Join the Conversation
Fear & Greed
Sponsored by
About This Author
Ben Rooney
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
Powered by VIP.