Tesla Inc. (TSLA) has experienced mixed market sentiment recently, with some observers describing the stock's performance as a 'bloodbath,' while others remain bullish. Tesla CEO Elon Musk has publicly defended the company's position, stating that the stock trading near all-time highs indicates the business is in good shape. Musk emphasized that investors should not worry about recent struggles, highlighting Tesla's market capitalization exceeding $1 trillion and suggesting the market recognizes the company's turnaround. Additionally, there has been notable options activity in Tesla shares, with bullish call sweeps totaling approximately $6.2 million and increased buying of July and August call options. Market analysts note that a low put/call ratio, similar to current levels, previously preceded a 44% rise in Tesla's stock over four weeks. Musk's comments and the options market activity have reinforced positive investor sentiment despite some volatility in the stock price.
Elon said: “…the stock market recognizes that since we are back now at over $1 trillion market cap. Clearly the market is aware of the situation. It’s already turned around.” He wouldn’t have incentives to manipulate $TSLA ‘s stock price with OTM options, would he? 😉. $TSLAQ https://t.co/aq1FXQ6I3H
Tesla is a robot company. I'm going to buy a few more stocks today. Crazy.🦾🤖🦿 https://t.co/Bo5sum4kFs
Tesla is the future, and it looks amazing! 😎 Safety comes first in everything they do! $TSLA 🚀 https://t.co/isVUaEiNdy