Tesla Stock Has Rocketed. Time to Take Some Profits?...Abosolutely NO.

 

Tesla stock is on a tear, leaving investors breathless and wondering what to do next. They might want to follow the adage that no one ever went broke taking a profit. Tesla TSLA +3.29% stock (ticker: TSLA) surged 41% in January, its best month since October 2021, according to Dow Jones Market Data, when the stock rose 44%. Barron’s timing was even better. We recommended buying the stock on Jan. 6, when it was trading at $113.06. Shares are now up about 70% since then—in only 18 trading days. It’s fair to say we didn’t see Tesla shares rebounding this quickly.