Tesla (TSLA) Blasts off Like a SpaceX Rocket Past $500

9 months ago
1 Min Read
178 Words

Tesla stock has been moving like a rocket since bottoming out back in June. It will be interesting to see what happens when they announce earnings in a couple weeks.

Buy the rumor, Sell the News

I would have to think if the stock remains strong over the next couple weeks that earnings will be a time to take profit. Price has gone a bit parabolic the past week and there is always a triggering event for profit taking, that could be it.

Full disclosure: I own some TSLA in my IRA account and had sold some around $450 thinking things were getting a bit overstretched. Obviously I'd like to have that back, but they were shares I had picked up just below $200 so it is hard not to sell when doubling your money in roughly six months.

I'll be keeping an eye out for where the stock is a day or two before the earnings announcement on Jan 29th.

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