Fireworks When TSLA Hits $200?

George Zack ruminates on what may happen should Tesla Motors shares drop to $200 a share, while others speculate it could fall to $185.

Published: 23-Dec-2014

Shares of Tesla Motors Inc (TSLA) closed just above the $200 psychological level at $204.04 on Monday. Premarket trade today has sent it down 1.73% to $200.53. Given the hype surrounding the stock’slikely retrace to the $200 mark, it may pick on a big block of orders around the $200 and explode.

Fundamentals
The company’s progress over the past couple of years has been phenomenal. Demand for the Model S has regularly stayed ahead of Tesla’s ability to fill orders and international deliveries, too, are picking up steam.

But the biggest upside driving Tesla’s stock for the bulk of the year have been the developments surrounding its massive near-term future growth catalysts, particularly the Gigafactory, for which construction is already under way in Nevada. Other catalysts include new product developments in the form of the upcoming electric Model X SUV next year and a cheaper mass market Model 3 in 2017.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Enviro400 H hybrid electric buses, several of which will trial an inductive charging system starting in 2015.

Six special Enviro400H E400 hybrid buses will be equipped with wireless charging systems along London Route 60 between Canning Town and Walthamstow.

Import cars in holding area at Port of Ashdod, Israel.

An estimated 100 out of 360 impounded Renault Fluence EVs destined for use by now-bankrupt Better Place in Israel reported will be scraped. The fate of the remaining cars is uncertain.

Alejandro Agag did the 'impossible', pulling together the teams, the sponsors and venues for the world's first professional electric race series.

Formula E is positioning itself as not about the fastest or the noisiest, but as concerned about who is doing things that are better for the environment.

READER COMMENTS

blog comments powered by Disqus