It's almost Friday.

It's almost Friday!

Let's focus on some of the top stories on Thursday.

Tilray's Smokin'

RealMoney contributor, Stephen Guilfoyle, tackles Canadian cannabis company Tilray (TLRY

Tilray gained 9.5% on the session. Think that's something? The stock traded at a low of $20.10 on the day that trading opened at the Nasdaq market site in July. Did you get some that day? No? Me neither. The shares are now, less than two months later, 368% higher, peaking at $108.27 yesterday.

There is no denying the obvious consumer demand. There is no denying legal trends. Recreational pot usage goes legal in Canada on Oct. 17, and despite the illegal status of marijuana usage in the U.S. at the federal level, more and more states are legalizing the usage of this drug for both medical and recreational usage every year. In fact, I am willing to go out on a limb here and say that not one state that has legalized pot has ever thought about going the other way on the decision.

Remember the dog days of August? Andrew Left of Citron Research does. On Aug. 15, Left was bullish on the name, with a $45 target price (nearly a 100% premium at the time) in place. The shares would leave that target price in the dust within two weeks. I first noticed Left bearish on Tilray in early September. Amid yesterday's pop, he reiterated that call. Citron Research expects not only the existing pipeline of cannabis related IPOs to draw investor dollars away from Tilray, but Citron expects that the firm itself will be forced to go back to the secondary market in order to fund it's own plans for expansion.

Is Tesla Crashing and Burning?

TheStreet's Martin Baccardax reported that Tesla Inc. (TSLA - Get Report) shares slipped lower Thursday after founder and CEO Elon Musk added to the group's recent headline woes by warning customers that they may see "longer response times" from the carmaker amid what he said was a surge in North American volumes.

Musk shared the concern via his official Twitter account last night after announcing earlier this week that the carmaker was reducing the choice of colors from some of its models in an effort to "simplify" production. The stock was further pressured by multiple media reports that another senior executive, vice president of worldwide finance and operations Justin McAnear, is set to leave the company. Earlier this week, chief accounting officer, Dave Morton resigned after only a month in the job.

Tesla said it surpassed its own Model 3 production target of 5,000 vehicles per week in July, with Musk declaring that the group would boost that output to 6,000 a week by the end of August. Bloomberg's closely-tracked Model 3 production monitor, however, suggests the current pace is about 3,500 a week at its Fremont, California manufacturing facility.

Tesla shares have fallen around 16.3% since the start of the third quarter, and plunged to the lowest level in five months Friday following news that a key short-seller is suing the clean-energy carmaker for allegedly misleading investors over plans to take the company private and a radio interview that raised further questions over the Musk's judgement.

"It took 15 years to execute on our initial goal to produce an affordable, long-range electric vehicle that can also be highly profitable," Musk and Chief Financial Officer Deepak Ahuja said in a letter to shareholders earlier this summer. "In the second half of 2018, we expect, for the first time in our history, to become both sustainably profitable and cash flow positive."

Jim Cramer Tackles Qualcomm

Qualcomm (QCOM - Get Report) is progressing with its staggering $30 billion buyback.

This was made possible in part by regulators throwing cold water on the chipmaker's earlier desires to acquire NXP Semiconductors (NXPI - Get Report) , which has plenty of exposure to the auto sector.

"Had [Qualcomm] been able to complete that deal, [they] would have been too levered to auto and we know anything levered to auto is the kiss of death," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

And that's it for today.