Quote:Shares of Tesla Inc. spiked higher into record territory Friday after the electric vehicle maker reported deliveries that rose above Wall Street’s expectations.

The stock TSLA, +2.96%  shot up as much as 5.5% to an intraday high of $454.00 before paring gains to be up 3.5% in afternoon trading.

The company said it delivered 112,000 vehicles during the fourth quarter, above the FactSet consensus of 106,000 vehicles.

That pushed 2019 deliveries up to 367,500 vehicles, which was 50% above the 2018 total, in line with Tesla’s guidance range of 360,000 vehicles to 400,000 vehicles, and above the FactSet consensus of 361,000 vehicles.

“We view these results as a clear indication that EV demand remains strong for Tesla and that the company is well-positioned for 2020 with continued positive momentum in all business areas,” Dorsheimer wrote in a research note.

Tesla shares have rocketed 91.1% over the past three months to lift Tesla’s market capitalization to $80.3 billion.

(Jan 4, 2020 08:26 PM)Diamond Wrote:  Source: https://www.marketwatch.com/story/teslas-stock-spikes-into-record-territory-after-deliveries-top-expectations-2020-01-03

What are your thoughts on Telsa as a stock? Would you invest in it?

(Jan 4, 2020 08:26 PM)Diamond Wrote:  Source: https://www.marketwatch.com/story/teslas-stock-spikes-into-record-territory-after-deliveries-top-expectations-2020-01-03

What are your thoughts on Telsa as a stock? Would you invest in it?

(Jan 4, 2020 09:30 PM)Retrograde Wrote:  It’s quite volatile and personally I would not be comfortable holding it in my portfolio. I think I’d like to see how the competition enters the market and see if any of them become real competition in the electric auto space (which imo none of them are at the moment).

That being said investors with more risk tolerance may benefit from holding Tesla - if Tesla does maintain a leading position in the luxury EV industry I think they will be looked upon favourably by the market.

Something to think about though is that Porsche has just come out with the Taycan (quite an interesting vehicle), but I don’t think they have the ability to keep a low price like Tesla does.

Either way, I’m on the sidelines for this company. What are your thoughts on Tesla OP?

(Jan 4, 2020 09:36 PM)Wafflemonger Wrote:  With Elon Musk outright stating he doesn't like those that short the stock ... and has even actively taken steps to screw over those that do, you cannot buy TSLA without knowing that the week-to-week stock jumps/dips don't matter. As Retrograde has said, if you have a lot of risk tolerance and are willing to "ignore" potentially losing 10% of your earnings with TSLA stock in as little as 1 day, only to have it go back up 3 months from now, then sure.

Most side-gig investors are not willing to invest in a roller-coaster like that. I love Tesla and what they do, but I love my money more hahaha.

(Jan 4, 2020 09:36 PM)Wafflemonger Wrote:  With Elon Musk outright stating he doesn't like those that short the stock ... and has even actively taken steps to screw over those that do, you cannot buy TSLA without knowing that the week-to-week stock jumps/dips don't matter. As Retrograde has said, if you have a lot of risk tolerance and are willing to "ignore" potentially losing 10% of your earnings with TSLA stock in as little as 1 day, only to have it go back up 3 months from now, then sure.

Most side-gig investors are not willing to invest in a roller-coaster like that. I love Tesla and what they do, but I love my money more hahaha.