Ah, Investors… (Or, More Specifically, Tesla Investors…)

April 6, 2015 10:26 AM

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I included Tesla’s “Model W” announcement in my clean transport link drop on April 2. I did read the article first, and I think anyone who read the article wouldn’t have to think much to realize it was an April Fool’s Day joke. For that reason, it didn’t even cross my mind to see what kind of effect the “news” had on the Tesla (TSLA) stock price. (Full disclosure: I’m long TSLA.) Looks like I was the one not thinking….

It’s hard to believe either of those possibilities was what drove up the stock price, but one bit connects the dots: Reuters and others reported on the Tesla announcement as if it were real. Reuters later retracted the article and apologized for its error. Presumably, many investors saw the story on...

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