Tesla Proved the Bears Wrong, But Is It Too Late to Buy TSLA Stock Now?

Tesla (TSLA) stock rose almost 22% on Thursday, and had its best day in years, after the company's Q3 earnings report - and importantly, the guidance - left markets in awe. The Elon Musk-run company proved the bears wrong yet again, and the Q3 confessional had something for everybody. It was a “he came, he saw, and he conquered” kind of commentary from Musk during the earnings call.

Interactive Brokers chief strategist Steve Sosnick perhaps best summed up the report when said, “Basically, this is a hard story to poke holes in, and you really can't, which is why the stock is up 20%.”