It takes a tweak to make something new out of what was considered outdated and it takes a tweet to make news into history. Tesla Motors Inc (NASDAQ:TSLA)’s CEO, Elon Musk, posted recently that “it is time to unveil the D”, according to CNBC, and this news made a hype in all the directions possible. There are all sorts of speculations swirling around a letter and a date of October 9. A single photo added more than 3.2% of value to Tesla Motors Inc (NASDAQ:TSLA), which’s price is currently a little higher than $248.
“I love the Internet. Comments had me literally ROFL. No, it wasn’t intentional. Glad I didn’t mention the other letter,” wrote Elon Musk in another tweet.
Now that the case is cleared and the only thing possible to expect is a new model, we have to wait and see how the events turn up to be. Nevertheless, it can be sensed that there’s skepticism attached to how the latest news has been brought up. Tesla Motors Inc (NASDAQ:TSLA)’s price seems to be too sensitive to such small pieces of information being presented. In any case, Elon Musk’s recent announcement that the stock’s price is too high seems to be inconsistent with the latest turn of events.
“He should have said: Listen, I’ve got something amazing, don’t buy the stock. Then he would be consistent with himself. […] This is going to be the most amazing thing ever, don’t buy the stock, maybe sell calls,” commented Jim Cramer.
On the edge trading bears had already appreciated the speculations that Tesla Motors Inc (NASDAQ:TSLA)’s going to bring up a new model. However, it’s interesting that the price in not giving up on the buffed up numbers and stays well beyond its yesterday’s closing price. If Tesla Motors Inc (NASDAQ:TSLA) doesn’t get at least something as interesting as a new car to the customers, it’s going to be a pity to disappoint so many optimists betting on the company.
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