“Tesla Stock Jumped 20%. It Makes No Sense.”
February 4, 2020
“Tesla shares rose almost 20% Monday, hitting another all-time high. The question is why? The move, frankly, baffled investment pros…
But first a run down of recent numbers. They are incredible. Monday was the largest percentage increase in Tesla (ticker: TSLA) stock since May 9, 2013, when shares rose 24.4%. The shares are up more than 86% year to date and up almost 150% over the past 12 months, crushing comparable gains of the S&P 500 and Dow Jones Industrial Average.
Tesla shares are up 336% from their $178 52-week low. The rally off the June 3, 2018 low has created about $109 billion in shareholder value. That is more than the market capitalization of General Electric (GE). Just incredible…”
https://www.barrons.com/articles/tesla-stock-price-jumped-20-percent-why-it-is-soaring-51580820647