Tesla was up 15% to $US154.81 earlier today. Tesla is now up 17.6% to $US157.87.
Shares surged after-hours on Wednesday after Tesla’s Q2 earnings report beat expectations.
The company reported Q2 profit of $US0.20 per share, on revenue of $US405 million. This beat expectations for a loss of $US0.19 per share, on revenue of $US387.9 million.
Goldman Sach’s Patrick Archambault has since raised his six-month price target to $US95 from $US84. But he thinks at today’s price, the stock is expensive, even in their most optimistic scenario.
Here’s a look at Tesla’s intra-day chart: