Just recently, the stock price of Tesla (NASDAQ: TSLA) had known no bounds: Prices went up more than 40 percent within a few weeks. But the hike was followed by a hefty decline from USD 286 to around USD 240. There had been no reassuring news and figures based on which you could make a logical argument for the price explosion. One of my theories focuses less on the influence of tweets and the content of statements made by Tesla’s CEO
The World of Energy Solutions will be held this year from in Stuttgart Oct. 10 to 12. It will be viewed as a test case for the 30th Electric Vehicle Symposium (EVS), which will take place in 2017 together with the WES on the trade show premises and is an annual highlight for most electric car aficionados. It’s mere speculation at this point whether some companies are saving their strength for 2017. The only thing certain up till now is that the number of 78 exhibitors one month before the event is far removed from last year’s figure (120)
Tesla (TSLA, US$245.00) has many friends in the offices of major banks and leading broking firms on the stock exchange. This is not only expressed in the market price, and especially the strong price increases in recent weeks (over 20%), but in many favorable comments and classifications. At the same time, there has been heavy speculation on falling prices when one looks at the number of short-sold shares (short interest) which is hovering around 24 million shares – with approx. 95 million shares which can be traded freely (approx. 124 million shares are outstanding).
Recently, the announcement of a new, high performance battery with the name PowerWall has recently caused a stir and resulted in strongly