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Tesla (TSLA) stock dropped from $108 on Friday to $88.25 on Monday and then hit $96 on Tuesday. Tesla will hold it's shareholders meeting tonight and will also be making a final announcement June 20, 2013 so I'm expecting a rally into this event especially given the high short interest. I spent the weekend researching this company and I can see why the stock has doubled. The potential sales for a $30,000 electric vehicle from Tesla is enormous. Mostly, I'm intrigued by the charging stations and the potential for those in the future. In 5 years, this company is going to be two steps ahead of any competition that comes to market via technology and patents.
Anyway, TSLA is a buy below $90, a sell above $95 until further notice.
Also see - Top Stocks 2013 - Top Stock Gainers 2013
