Over a year ago with $TSLA trading at $135, I made a brief video saying $TSLA will head to $390 before doing a forward split.
This morning $TSLA is trading at fresh record highs. All the pundits and analysts calling for a rapid decline in price have been proven wrong every step of the way.
$TSLA will head to $390 and then 10-1 forward split to meet $BAC ML $39 price target http://stks.co/jfn0
Aug. 5 at 8:48 AM
Tesla Motors (NASDAQ: TSLA) announced it is partnering with China Unicom (NYSE: CHU) to build electric car charging outlets across China , the world's biggest auto market.
The two companies agreed to a deal to build charging posts at 400 China Unicom stores in 120 cities, in addition to adding super-charging outlets in 20 Chinese cities. Tesla CEO Elon Musk said he is looking to invest heavily to build charging outlets in China to compete with rivals such as BMW.
SolarCity (NASDAQ: SCTY), which provides the panels for the charging stations and is another Elon Musk company, could benefit as well from the deal.
In pre-market trading, Tesla is up 1.9 percent, SolarCity is 0.80 percent and China Unicom is up 3.6 percent.