There must be something going on behind the scenes? Would they chance using the rise to raise additional capital?
See one of the comments about the fall:- "However, Tesla got a dose of pessimism from stock analysts at Cowen. The analysts believe that Tesla's full-year delivery numbers are likely to fall short of the 360,000 to 400,000 vehicles that the company has projected. The shortfall could come in large part because the automaker's higher-end Model S and Model X vehicles haven't seen as much demand as initially expected, and Cowen thinks that the stock could get cut in half from current levels if demand from mature auto markets doesn't accelerate soon." I dont think it will be anywhere near that dramatic but Tesla is a share which could literally do anything over the next year!
I see one analysts is forecasting a price fo $6000 in the future! This one is on fire.....where will it end? Fund raising might put the brakes on?
I think the $500 level is very important if the shares are to keep their upward momentum in the short to medium term. Fall below $500 and no doubt a few sell limits will be triggered?
If I was buying on the dips I would chance that this could crash back through $500 and become a strong buy. Just needs a wobble on the market but you might need to move quickly before it bounces.
From a graph point of view we are in unchartered territory - surely the company will need funds in the future, a fund raising at some point when demand for shares is crazy?
Only a brave person would go with the flow on this one - the valuation compared to profits is crazy, absolute madness!
