After Tesla released its third-quarterly numbers in November 2013, the stock price began to plummet in light of a shorting list of sales. As news began trending worse for Tesla Motors, stock prices which were closing in on the $200 mark, had nosedived towards the vicinity of $120.
Those of you who have a keen eye for the stock market may have jumped on, heavily investing in the relatively low-value TSLA stock. If you did, you would be wiser than I.
Since the November lull, TSLA has done more than enough to recover; in fact, it continued to rise, eclipsing the $200 mark it was close to cracking during mid-to-late 2013 for the first time. To put the rise into perspective, a staggering $30 rise was seen this past week alone, highlighting the unbelievable ebbs and flows of the stock exchange. When all was said and done come days end on the 11th February, TSLA closed at $196.62 – a relatively handsome figure compared to 2013.
A definitive reason for the steep rise in stock price has yet to be determined, but it could have something to do with the anticipation of Tesla’s fourth-quarter financial reporting.
Stay in touch to find out the results from Tesla Motors latest quarterly results.
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