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| TSLA has "gone parabolic". Will it crash or reach escape velocity? |
Elon Musk's SpaceX isn't his only business that's defying gravity. Tesla stock (TSLA) has taken off like a rocket ship
in the past five days.
The ascent has been so rapid that Tesla shares, which jumped 20% to a closing record Monday, are now up 86% for the year—outperforming every single stock in the S&P 500, as well as bitcoin and gold. In fact, Tesla’s rise over the past five trading days marked its best five-day stretch since a rally in May 2013, when the company posted its first-ever quarterly profit.
What has driven the company to this point? The rally got a boost last week when Tesla reported making record deliveries in the fourth quarter and said it planned to deliver more cars globally in 2020.
There's a part of me that wishes I were along for the ride (the stock, that is). There's also a part that's worried about the landing.
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