Tesla Stock Gaps Up on Fundamental News

Mark Melin

Published onAugust 29, 2014

Updated on May 13, 2021

Shares of Tesla Motors Inc (NASDAQ:TSLA) stock are rocketing higher on fundamental news the company has plans to develop 400 charging stations in China.

Shares gapped higher, trading near $271 in late morning trading, as Tesla continues to surprise on the upside with fundamental news. On a momentum basis, the stock, which looked like it might be due for a summer breather, is extending what can be considered a breathtaking climb.

Tesla's IPO

As previously noted in ValueWalk, when Tesla Motors Inc (NASDAQ:TSLA) first came out its stock was greeted with scorn by many mainstream Wall Street analysts.

Near the...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Tesla Stock Gaps Up on Fundamental News

Tesla's IPO

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