So who's got a good theory on why TSLA has exploded to $1500+?
Please add your theory in the replies.
I'll add my theory below as well.
There’s a lot of minor reasons why TSLA stock is doing well.
1. Fed backstopped the market and printing $
2. Growth stocks benefitting from inflow of investor dollars (ie., look at SHOP)
3. Market thinks economy bounces back fast after COVID
4. Tesla’s demand doing well, shows why its the strongest auto maker
5. Tesla in 1st place with FSD development
6. Model Y ramping, adding to Tesla’s ability to grow profits
7. China production and demand growing nicely
8. Berlin factory progressing well
9. Tesla Energy showing promise
But those reasons might only get us to a $1200-1300 stock price at the moment
Some more important reasons why TSLA is doing well:
1. Probable Q2 GAAP profit causing some shorts to exit
2. Traders front-running S&P500 inclusion
3. Probable S&P 500 inclusion causing re-rating of stock amongst funds and analysts
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