Whoosh! Did you hear that? That’s the sound of Tesla’s share price rocketing back up. I guess the market likes the news it’s hearing. Bloomberg reports that the company has now received more than 325,000 reservations for its latest car — the Model 3.
Markets can swing on a dime, that’s for sure. It’s certainly a change from early February. Back then the Stansberry Digest cited analysts at JP Morgan who had slashed their estimates for Tesla’s fourth quarter earnings in late January, and put a price target of US$180 on the stock. That was down from where it was trading at the time. They revised their forecast on slower expected sales of the company’s current fleet…
Source: Why Lithium Stocks Could be the Trick to Making Money from Tesla | The Daily Reckoning Australia