Tesla: A Stock on the Rise

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Today's chart is of Tesla Motors, Inc. ( TSLA ), which designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components.


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What I Am Looking At:

  • Enormous outperformance on a year-to-date basis, +156%.
  • Parabolic rise on climatic volume trying to target the $100 handle.
  • $102 is four times the 52-week low.
  • Consumer Reports' best car ever tested.
  • Massive short interest represents 38% of the float, can anybody say "short squeeze."
  • Twice as many put options remain open versus call options (front three months), indicating an extreme in skepticism among option players.
  • Implied volatility for May is 117% (at an extreme).
  • Eight out of 11 analysts covering TSLA rate the shares a "buy" or better.
  • Annual sales growth during the past five years is 463%.
Strategy: Due to the current parabolic rise, I cannot determine a solid entry spot at this time until the price action consolidates.

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research .

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Twitter: @schaeffers



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Options , Stocks

Referenced Stocks: ACI , TSLA

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