Tesla Inc (TSLA)

1,014.97
NASDAQ
Prev Close 1,084.60
Day Low/High 1,000.21 / 1,090.58
52 Wk Low/High 539.49 / 1,243.49
Exchange NASDAQ
Shares Outstanding 1004.26B
Market Cap 1089.23B
P/E Ratio 1,597.43
Div & Yield N.A. (N.A)

Tesla Short

The average price of my short is now $1166.

Tesla's 7 Day RSI is 97

For a lengthy period of time I have elected not to short Tesla - though I have been of the view that it has been substantially overvalued. Today, the seven day RSI is 97 and I have taken a trading short rental at $1160. I would not try this at home!...

Lucid Group Is an Investment, Not a Trade, and Will Seriously Challenge Tesla

Lucid Group Is an Investment, Not a Trade, and Will Seriously Challenge Tesla

Lucid is probably technologically superior to Tesla, with smaller, more efficient, more powerful battery packs with a greater range.

On to November, Earnings, Climate Change, FOMC, OPEC, Microsoft, Albemarle

On to November, Earnings, Climate Change, FOMC, OPEC, Microsoft, Albemarle

Chances are that global monetary policy tightens considerably this week and that the U.S. will not be the primary driver.

Don't Be Fooled by Overbought Indices

Don't Be Fooled by Overbought Indices

This is still a two-tiered market with many stocks that have strong fundamentals and technical setups.

Give Elon Musk Credit Where Credit Is Due, but the Hertz Deal?

Give Elon Musk Credit Where Credit Is Due, but the Hertz Deal?

It boggles my mind that Musk wouldn't politely rebuff Hertz's Mark Fields and say, "No thanks, but our retail customers love our product..."

Twitter Is Still an Incredibly Overvalued Stock

Twitter Is Still an Incredibly Overvalued Stock

How on earth is it worth $43.5 billion?

Are SPACs Back in Vogue After Trump Bump?

Are SPACs Back in Vogue After Trump Bump?

Google search interest in SPACs has soared in the past week, reaching its highest level since February.

Here's Why Investors Are Likely to See Ford's Stock Price Double

Here's Why Investors Are Likely to See Ford's Stock Price Double

I've been on the Ford bandwagon since the shares were trading in the $7's in 2020.

The Market Breadth Is Terrible

The Indices are being held up by a handful of stocks, e.g., , , and .  The rest of the market appears to be breaking down:  * Banks weakening in the face of lower interest rates. * Leisure and telecom awful. * Industrials are spitting the bit. Examp...

Suddenly, a Chill Cools the Speculative Trades

Suddenly, a Chill Cools the Speculative Trades

But much of what we have is just routine volatility and not a major shift in market action.

The Market Is Being Hit With Some Significant Rotational Action

The Market Is Being Hit With Some Significant Rotational Action

In addition to the sharp turn in Tesla, other high-beta high PE names have lost their momentum.

Traders Chase the 'Hot' Action Amid Gamma Squeezes

Traders Chase the 'Hot' Action Amid Gamma Squeezes

It's getting a little frothy out there.

Tesla Goes Parabolic

To state the obvious, social media has made wholesale changes in the trading game.  In the case of Tesla , as I have written before, traders are mobilized to simultaneously charge into options creating gamma squeezes.  It is staggering that Tesla ha...

The Most Remarkable Statistic I Have Come Across in a Long, Long While!

Per CBOE data: $16.1 billion of premium was spent on options yesterday, single-handedly an "impossible" 55% of the entire U.S. options market Monday, and more than the combined options premium spent on nearly the next 100 most widely-traded options ...

Main Street's Conditions Diverge Widely From Wall Street

* The markets are now FIGHTING THE FED as tapering will begin shortly * At the core of our bearish market view is the notion that inflation and supply chain disruptions will be sustained for a lengthy period of time * Market optimism abounds even th...

October Rebound, Pricing In the Past, Tesla Hertz So Good, Space, Facebook Q&A

October Rebound, Pricing In the Past, Tesla Hertz So Good, Space, Facebook Q&A

Markets are pricing in some fiscal policy, but it's not what a lot of pundits think.

Tesla Turns Heads, but Let's Check Out the Market's Dashboard

Tesla Turns Heads, but Let's Check Out the Market's Dashboard

The real story is in the Russell, breadth and these indicators.

Yawn at the Indexes, Bite at the Trades

Yawn at the Indexes, Bite at the Trades

Small-cap trading has improved nicely, as earnings has gotten rolling.

Squeeze and Inflate: Tesla

A big fat gamma squeeze contributed mightily to the Tesla's ramp today.

From The Street of Dreams

Morgan Stanley goes full Henry Blodgett and raises Tesla's price target from $900 to $1200.

Tesla Stock Is Knocking on a Large, Round Number

Tesla Stock Is Knocking on a Large, Round Number

Let's see if this is the time to step on the accelerator.

To Divine the Direction of the Markets, Let's Go to California

To Divine the Direction of the Markets, Let's Go to California

For some reason, the fortunes of the Nasdaq 100 and interest rates have become intertwined.

Nasdaq Streaks, Bitcoin Beast Mode, Fed Thoughts, Sloppy Auction, Tesla Earnings

Nasdaq Streaks, Bitcoin Beast Mode, Fed Thoughts, Sloppy Auction, Tesla Earnings

I have had some real success playing volatile names ahead of news events from the short-side, but this is not something I would recommend for newer traders.

An Extended Market Needs a Rest, But This Uptrend Is Building Strength

An Extended Market Needs a Rest, But This Uptrend Is Building Strength

Good earnings combined with positive seasonality bode well for more upside.

Fear, Worry and Earnings Drive the Market's Moves

Fear, Worry and Earnings Drive the Market's Moves

Here's what's keeping the rally running, even if trading is becoming volatile and inconsistent.

Algorithmic Control, Bearish Kass, Budget Framework, Trading Netflix, Microsoft

Algorithmic Control, Bearish Kass, Budget Framework, Trading Netflix, Microsoft

Plus, the Chinese government raised $4 billion in dollar bonds on Tuesday, borrowing on the cheap from the international community.

The Good and the Bad of the 'V'

The Good and the Bad of the 'V'

The move we're seeing is tough for underinvested bulls that need entry points and even tougher for bears that are trying to fight the strength.

From The Street of Dreams (Part Trois)

Morgan Stanley's Jonas keeps an overweight rating and $900 target on Tesla ahead of 3Q2021 results.  The analyst is upbeat on the quarter.

How Should Investors Approach New Bitcoin ETFs?

How Should Investors Approach New Bitcoin ETFs?

Products ancillary to ownership of the coin itself can come saddled with significant shortcomings.