Tesla Stock is Apparently a SpaceX Rocket!

The idea of Tesla's stock price going down is out of this world (pun intended). After consolidating for a few days the stock soared on Friday to break the $1,500 mark!

What a ride it has been

50% in less than two weeks

After cracking through $1,000 the stock is up 50% in less than two weeks. That is pretty wild to think about and what is really wild is it could keep going!

Tesla reports earnings in a couple weeks. If those earnings are positive, i.e, they make a profit it makes them eligible to be included in the S&P 500.

There is no guarantee that this will happen, but if it does it will take the momentum to another level. Inclusion in the S&P 500 means all the funds, etc that track the S&P will have to buy Tesla if they don't already own it.

I expect some serious fireworks with price come earnings. Swings up or down that will make you nauseous. Buckle up!

Posted Using LeoFinance