Tesla Inc fetched my interest a long time before its 2010 IPO. I was impressed by its Roadster model which is a full electric sports car. Media reported a lot of cool folks owning it.
From time to time I follow company introductions. In June 2010 it was time for the Tesla IPO. Media reported Daimler, Panasonic & Toyota to be partners. I started following the co. In November 2010 I began my blog coverage.
It IPO’ed at $17 and started running slowly up to the $40 level in the beginning of 2013. Prior it had started delivering Model S in June 2012.
In the start of 2013 Tesla was the most shorted co on the US market. I started seeing a potential short squeeze. The stock had been running for a couple of years and the shorts started to look weary.
At the $40 level I got lucky and tweeted “Tesla Motors up on heavy volume”. As you can see from the chart it started rocketing. The shorts started panicking and the short squeeze was a reality. If I remember it right 2013 was a year Tesla came up with its first earnings on the positive side. Stocks have a tendency of rallying around such positive news.
Marketwatch named Tesla the best stock of 2013.
Tesla rocketing in 2013 was of course more than a squeeze. You do not get such a rally without many believing in the co and its technology. Many view Tesla more of a tech firm than a car manufacturer.
The rally continued into 2014. It consolidated for a while. The introduction of the model 3 in 2016 gave the stock new attention.
This was to be a cheaper model than the model S with a km 350 range. It has received hundreds of thousands of preorders. This will be the first large scale production model of Tesla reaching 10,000 cars a week in 2018.
The rally we have seen since the end of 2016 till now has all been about the model 3. The stock up 75 % this year. Not uncommon with such rallies up to tech introductions. You can just look to the introductions of new Iphones.
Tesla has a 2000% return since its 2010 IPO. To make the top 10 US stocks last 10 years you need 1300%. In my book this makes Tesla one of the top 10 US stocks in the 5-10 year span.
I have covered a lot of great companies like Amazon & Apple and I will compare Tesla with those. Tesla been one of the long term greats.
I will for sure continue covering the great Tesla. Still a very interesting co and I believe the future could be great for electronicly charged vehicles.
In my country Norway Tesla has been a giant success being the biggest overseas market for the Co. The model S has even topped the overall car sales lists.
Good luck with Tesla trading and investing!