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Tesla shares end Tuesday 13% higher after surging as much as 23% earlier in the day [CNBC]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
VIDEO 11:12 Tesla's surge is largely due to fear of missing out, says ROTH's Irwin Squawk Box top $1 trillion in revenue in a decade "I just can't believe this freaking stock. It's insane," Roth Capital analyst Craig Irwin said on CNBC's " Squawk Box. Tesla shares closed up 13.7% at $887.06, a record high for the stock. But Tuesday's jump had gone as high as 23% –hitting an intraday record of $968.99 a share. More than 50 million Tesla shares have changed hands – also a record for a single day of Tesla trading. The stock has an average daily trading volume of 18.4 million shares. The climb comes a day after Tesla jumped 19.9% Tesla shares have more than doubled this year already, fueled by analysts raising price targets to catch up to the stock and short-covering by investors betting against the shares. Analysts still can't keep up with the run. The average 12-month price target of analysts is $493, up from $334 in December, according to FactSet. That new target is 44% below where the
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