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Barchart
Barchart
Mark R. Hake, CFA

Is Tesla Worth Buying Here After Its Huge Runup? Shorting Puts Is One Way to Play TSLA

Tesla Inc. OTM Barchart

Tesla Inc (TSLA) stock has had a huge runup. TSLA is up over 221% in the past two days. Is it worth buying here? It's obvious that Elon Musk's relationship with President-elect Trump is one reason it spiked. But is TSLA stock overvalued now?

TSLA closed at $321.22 on Friday, Nov. 8. That is even higher than my previous price target of $306.72. I wrote about its valuation in an Oct. 25 Barchart article, “Tesla's Free Cash Flow Margins Spike - TSLA Stock Could be Worth Over $300.” 

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