The idea of Tesla's stock price going down is out of this world (pun intended). After consolidating for a few days the stock soared on Friday to break the $1,500 mark!
What a ride it has been
50% in less than two weeks
After cracking through $1,000 the stock is up 50% in less than two weeks. That is pretty wild to think about and what is really wild is it could keep going!
Tesla reports earnings in a couple weeks. If those earnings are positive, i.e, they make a profit it makes them eligible to be included in the S&P 500.
There is no guarantee that this will happen, but if it does it will take the momentum to another level. Inclusion in the S&P 500 means all the funds, etc that track the S&P will have to buy Tesla if they don't already own it.
I expect some serious fireworks with price come earnings. Swings up or down that will make you nauseous. Buckle up!
Posted Using LeoFinance
No Moon for Tesla. They're going straight to Mars.