Elon Musk might still be some years away from sending people to Mars but a stock price of his Tesla surging like a SpaceX rocket. The stock (TSLA.US) is more than 8% today, more than 40% in January so far and nearly 230% up from 2019 lows!!! Tesla is already worth more than all global carmakers except Toyota, despite selling less than 5% cars compared to the Japanese carmaker or the VW group. Today we got the news that Tesla is finally able to sell cars in Michigan state but it seems like it’s slaughtering of short sellers that’s behind this buying frenzy. Suddenly, the quarterly report from the company is shaping up to be the most important event in Janaury. It will be published next week (January 29).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
