Why Tesla Stock is so high today

Tesla had a great run in 2020, it was one of the best-performing stocks on the Nasdaq before it was added to the S&P 500. After it was added to the S and P 500, a lot of short-sellers pounced on it and they predicted that the stock will self-off. However, Tesla Stock is soaring higher today and the short sellers are now getting squeezed out.

Tesla has now soared to $729 per share, it was up by 3.5 percent, setting a new record high. Investors who took the risk on Tesla are laughing to the bank while short-sellers are hurting really bad right now.   Some analysts think that Telsa stock is overpriced and they have warned investors to stay away.

On the other hand, the speculative investors continue to pump money into Tesla's (TSLA) stock, buying up all the short-term stock options and long-term stock options.

Why Tesla Stock is so high 

Today, Tesla stock reached $729 per share, this means it has passed the $700 billion market cap valuation after it reported that it made 500,000 deliveries in 2020.  The electric car company is on its way to a 1 trillion valuation and it will be a remarkable journey it could reach the I trillion mark.

“So proud of the Tesla team for achieving this major milestone. At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all. ” Elon Musk wrote on his Twitter page.

In 2020, Tesla's stock price was up more than 740% and the company had to split the stocks to make it cheaper to buy. The year 2021 is here and it’s soaring again; this means that a lot of short-sellers are in trouble and they’ll have to cover their short as Tesla stock continues to climb higher. How high can it go?

Should you buy Tesla Stock?

Well, the answer to if you should buy Tesla stocks depends on your risk tolerance. Although, Tesla's stock price has been going up recently, keep in mind that it can also come down at any time.  

If you can handle the risk, buy it, if you cannot, feel free to stay away from it. However, know that you must do your own due diligence before deciding if you will buy Tesla stock at the $729 price per share or not.

Tesla Stock Price Today

TSLA stock price changes day to day due to demand and supply on the stock market. Today, Tesla stock is priced at $729 per share. If you check Tesla stock tomorrow you will most likely see a different figure.  However, you can find the exact price of Tesla stock here. Investingport provides Tesla stocks in realtime daily. Click here Tesla Stock price. 

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