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Down Is the New Up for Tesla Stock – The Wall Street Journal


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Down Is the New Up for Tesla Stock – The Wall Street Journal

Lately, Tesla stock resembles a rocket ship. The rally is all the more impressive after considering a thoroughly mediocre core business. Elon Musk’s car manufacturer reported 90,650 vehicle deliveries in the second quarter, which easily topped analyst expectations. The stock has rallied all week, after an email from Mr. Musk touting a possible break-even quarter…

Lately, Tesla stock resembles a rocket ship. The rally is all the more impressive after considering a thoroughly mediocre core business.

Elon Musk’s car manufacturer reported 90,650 vehicle deliveries in the second quarter, which easily topped analyst expectations. The stock has rallied all week, after an email from Mr. Musk touting a possible break-even quarter leaked to the press during trading hours on Monday. Shares charged past $1,200 on Thursday morning.

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