Thursday, February 9, 2017

Tesla on the cusp of All Time Highs

Since the trend break in the low $200 area, Tesla has been on a steady up hill move for 8 weeks now. Announcing last night it is moving its production date up to February 20th from July is creating a big pre market gap today. Morgan Stanley has been targeting late 2017. This is a HUGE headline which could launch a massive sueeze from already extended levels. Earnings data will come just a few days after its earnings this month. This could possibly be the worlds first trillion $ stock as mentioned by its CEO in a earnings conference early last year. $291 all time highs are within reach at this point with short interest over 20%

Hers the Reuters article that came out late in the post market session last night