Source: Zero Hedge
TSLA Tops $900 – Where Does The Parabolic Surge End? On a morning when one of Tesla’s biggest bulls, New Street’s Ferragu downgrades the stock, saying: “Limited sources of further appreciation in the next 12 months. .. We see 2020 playing out fine, but it is largely expected, and we see some risks on the stock: end of the short squeeze, 1Q20 miss on gross margins” It is up almost 15% in the pre-market – topping $900 for the first time ever… But Ron Baron was on CNBC earlier saying he isn’t selling a single share and sees Tesla rising to $1TN in revenue in 10 years. Nothing to see here… So where does it stop? If it’s like Bitcoin, maybe $1200? It it’s like the VW squeeze in 2008, maybe $1600? And it it’s the South Sea Company, it could hit $1800… Updated for today’s price action. We can do it! pic.twitter.com/QQHvU76Q2m — Keubiko (@Keubiko) February 3, 2020 Trade accordingly. Tyler Durden Tue, 02/04/2020 – 08:15 Tags Business Finance
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