electric cars

Electric Cars

Tesla, the electric car maker, has seen its stock surge in 2013, up nearly threefold since May alone.

TSLA US Equity (Tesla Motors Inc 2013-09-09 13-26-10

Is this moon shot more likely the result of legitimate economic prospects for the company or due to a squeeze on the numerous hedge funds and other investors that are short the stock? (Nearly 25% of the shares are held short, which is a enormous percentage, far larger than for virtually any other stock with a market cap of $20bb). To gain some insight we asked Fat Finger users what they thought about electric cars in general.

In good news for Tesla most thought electric cars were good for the environment,

env

and good for the economy.

econ

But not good for their own personal economy.

pay

And since Tesla’s cheapest model retails for $71,000, ┬áthe ┬árally in its share price may be, as they say in Florida, more squeeze than juice.