The shares are up 53% in just four trading days, up 36% in two days and 112% year to date. So if you bought Tesla stock last week and have a paper gain, it could be very prudent to cash in some in case the stock round trips. The shares are in an extremely overbought condition as shown in the top and bottom portion of the stock’s graph above. Tesla may be able to sustain this market cap based upon hope, but reality may catch up with it. This should be a fairly safe bond since the $160 billion market cap the shares have makes it extremely unlikely that the company won’t be able to pay them back.

Source: Forbes February 04, 2020 23:26 UTC