They’re squeezing the bejesus out of Tesla (TSLA) right now. I’m not sure if there is specific news except for Elon’s pledge to “super-size” the company. Take note that TSLA has gone up 33% in the span of a couple of weeks.
Let’s take a big step back, however; take a look at the broken trendline. What is this surge doing? Why, bringing it back to the underbelly of the trendline! It isn’t quite there yet, but pooping at around the psychologically-important $1,000 level smells about right. I’m guessing this verve could bleed into tomorrow’s session as well.
Here is an even longer-term view.
And I know that no one bothers with fundamentals anymore, but just for laughs:
