Tesla (TSLA - Get Report) has the perma bulls excited, again. 

Shares of the electric car maker rose 7.3% to $298.52 on Monday after disclosing on Sunday that its global sales rose 69% in the first quarter, its strongest quarter of sales yet. Importantly, Tesla said it delivered 25,000 vehicles during the quarter, up 69% from the prior year. The result puts Tesla on pace to achieve its goal of 50,000 deliveries in the first half of the year. 

Some may say this start to the year inspires confidence in the cash-burning company and justifies the stock's 37% year to date surge. Still, it may be worthwhile to remain skeptical. Or, if already a Tesla shareholder, consider selling into Monday's strength. It's vital to keep something in mind with Tesla: shares have exploded not on the company simply matching its delivery estimates, but because it could blow past them now and in the future.

By 2018, Tesla has said it plans to build 500,000 cars a year and by 2020, 1.0 million. A good chunk of that is predicated on the success of the upcoming Model 3, which may be dealing with some issues around design, as Goldman Sachs recently pointed out. In turn, that could lead to a more subdued launch than many on Wall Street expect.

This brings up point number two: making electric cars isn't easy. Tesla will likely need another cash raise (like the one seen from China's Tencent, or more debt) to get the human and fixed capital it needs to try and reach Elon Musk's ambitious goal. Factor in an anticipated surge in electric a cars over the next five years from BMW, Ford (F - Get Report) and General Motors (GM - Get Report) , as TheStreet reports, and the market may be getting ahead of itself on Tesla.

To be sure, hats off to Musk for finally meeting a sales goal. But, it's no time to cash in your kid's college fund and go all in on Tesla.

Read This or You Lose Out

Behind the scenes with Macy's new CEO: TheStreet talked exclusively with Macy's (M - Get Report) new CEO Jeff Gennette (took the helm on March 23), who is currently touring the country talking to employees (seen below). We came away impressed with Gennette's desire to move fast on getting Macy's turned around. Further, our sense was that rumors of a Macy's buyout may be nothing more than that -- rumors designed to drive clicks on websites. 

Macy's CEO Jeff Gennette, at right, meets with employees
Macy's CEO Jeff Gennette, at right, meets with employees

Sorry, no kids at this restaurant: A North Carolina Italian restaurant called Caruso's recently banned children 5 and younger, and has seen a 60% increase in daily reservations, reports The Daily Mail. The reason for doing so is fairly obvious: small children could be loud and upset empty nesters trying to enjoy a quiet meal. Not sure banning kids would work well at DineEquity's (DIN - Get Report) Applebee's or Brinker International's (EAT - Get Report) Chili's, but boy those chains could use the sales pop Caruso's is seeing.

Someone got a supercar owned by a president at a steal: Someone just made one of the best long-term investments of the year. A Ferrari F430 F1 Coupe (seen below) once owned by president Trump sold for $270,000 at a weekend auction, Bloomberg reports. The car was estimated to fetch $250,000 to $350,000. Buy low, sell high, isn't that the old saying?

 

@potus DJT #ferrari #f430 #auctionsamerica

A post shared by Jeffrey Brooks (@jbbrookz) on

Sorry Mr. President, Xi Jinping hates golf: When Trump meets his Chinese counterpart at Mar-a-Lago this week, don't expect the two to hit the links as has been the case for other foreign diplomats. Xi, an avid soccer fan, isn't known to be a golfer. Moreover, he has been waging a war on the sport in his country, reports CNN. Maybe the two could get some 4-4 soccer going.  

As an side, the outspoken Rand Paul (below left) has to pick up his golf attire. He wore 30 handicapper like clothes to play a round with the president on Sunday (below). 

Rand Paul's golf attire to play with @realDonaldTrump on Sunday was sad. 30 handicap? pic.twitter.com/kuo6CTTa6L

— Brian Sozzi (@BrianSozzi) April 3, 2017

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