Had you bought Tesla only one week ago, you'd be looking at serious profits about now.
The move has been nothing short of extraordinary. On May 8th the stock was trading around $56 and change. By Tuesday May 14th the stock traded well over $90.
That's the kind of advance that great Wall Street stories are made of – it's reminiscent of the Industrial Revolution as people dove headfirst into the railroads and oil to make their fortunes.
On the surface it would appear to be a similar moment – that is, as railroads flourished then, so should Tesla flourish now.
It's a logical thesis - just take a look at some of the data floating around the market.
- Last week Tesla reported its first quarterly profitin its 10 year history.
- Telsa sold 4,900 of itsModel S electric sedans in the first quarter, up from the 4,500 it had forecast.
- The company said worldwide orders now are running at a 22,000-per-year pace.
- Morgan Stanley raised its price target to $103 from $47 citing dramatic advances in the business