Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Transport

Ah, Investors… (Or, More Specifically, Tesla Investors…)

I included Tesla’s “Model W” announcement in my clean transport link drop on April 2. I did read the article first, and I think anyone who read the article wouldn’t have to think much to realize it was an April Fool’s Day joke. For that reason, it didn’t even cross my mind to see what kind of effect the “news” had on the Tesla (TSLA) stock price. (Full disclosure: I’m long TSLA.) Looks like I was the one not thinking….

Tesla W

See that green arrow? That is where the break between April 1 and April 2 occurred. Either, a lot of investors greatly appreciated Tesla’s humor and thought it would help lead to wonderful success, or they were fooled. Note that the following picture was included in Tesla’s announcement about its “new watch” (the Model W):

tesla-motors-model-w


 

It’s hard to believe either of those possibilities was what drove up the stock price, but one bit connects the dots: Reuters and others reported on the Tesla announcement as if it were real. Reuters later retracted the article and apologized for its error. Presumably, many investors saw the story on Reuters or elsewhere and didn’t see the (obviously joking) Tesla post.

All of that said, TSLA now sits at a higher price than it did when April 2 started (right after the big jump). What does that mean? Good question. My guess is that it has to do with many investors looking for reasons to jump in on the stock and then sell it off shortly for a profit. With no good opportunity to sell the stock now, but a likely opportunity or two coming before too long, my guess is that, for the most part, investors are now just waiting for the right time. However, I think another decent possibility is that people who think Tesla will rock it in the long term just took it as an opportunity to add to their stockpile.

No matter how you spin it, though, I think you have to admit this is quite funny. I actually think it’s a lot funnier than the initial Tesla Model W post — and it certainly fits the idea behind April Fool’s Day!

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Batteries

A look at trends in the lithium industry, including forecasts for Tesla and reactions to Volkswagen Power Day.

Cars

If there is one achilles heel of the electric automobile, it’s the road trip. Even if the road trip is something we only very...

Cars

Italy's EV sales get a substantial boost in March as the first quarter of 2021 ends with electrifying new records. The year started with...

Autonomous Vehicles

It all started with a tweet. I guess that could start many chapters in the Book of Tesla. Less than an hour ago, Elon...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.