Tesla: shares continue rally after Citron report
(CercleFinance.com) - Tesla shares continue their rally for the second day on Wednesday, a day after a Citron Research note praised the company's Model 3 success and issued a long position on the stock.
Shares of the electric car maker were up 0.7% at 296.3 dollars today on the Nasdaq, having already risen 3% yesterday.
"While the media has been focused on Elon Musk's eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being dominated by Tesla," Citron wrote in a report.
Amongst top luxury cars, Tesla is now "destroying the competition" against other car makers such as Mercedes, BMW and Lexus, Citron said.
Citron Research is run by Andrew Luck, who is well known for short-selling stocks and identifying fraud and ill-advised business models.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Shares of the electric car maker were up 0.7% at 296.3 dollars today on the Nasdaq, having already risen 3% yesterday.
"While the media has been focused on Elon Musk's eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being dominated by Tesla," Citron wrote in a report.
Amongst top luxury cars, Tesla is now "destroying the competition" against other car makers such as Mercedes, BMW and Lexus, Citron said.
Citron Research is run by Andrew Luck, who is well known for short-selling stocks and identifying fraud and ill-advised business models.
Copyright (c) 2018 CercleFinance.com. All rights reserved.