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Tesla Motors (TSLA), the electric car company, turned it's first ever quarterly profit last week. TSLA stock almost doubled since then, hitting a high of $97.12 recently. So what is the outlook for Tesla (TSLA) going forward?
Tesla (TSLA) stock dropped to $78.11 on Wednesday but is back in the $90's today after a stock offering in which the founder is buying half of the shares and holding. TSLA should hit $100-$105 if the stock breaks $97.12. Expect a large short squeeze. I won't buy TSLA stock unless it drops below $80 again.
Also see - Top Stocks 2013 - Top Stock Gainers 2013
