Why is Tesla Melting Up? Not Because of Good Fundamentals

The stock is up 50% since its Shareholders Meeting on May 16th...mainly on heavy call buying

Tesla’s share price is up 48% in the 17 trading sessions since its Annual General Meeting (AGM) on May 16th and many are scratching their heads as to why. The stock did fall by 7.8% since its weak Q1 results on April 19th through to its AGM on May 16th (the Nasdaq 100 was up 2.5% during that time), so it seems like the AGM was what got the rally in Tesl…