[hnolable]

Shares are valued by people based on three things. Future direct cash you receive from the company based on the shares you hold (e.g. dividends/distributions and share buybacks). Voting power (i.e. control) in the company based on the shares you hold. And finally the ability to sell the shares you hold on the open market in the future (i.e. price speculation). Issuing more shares (usually) directly affects (i.e. dilutes) #1 and #2. But #3 is not directly affected in any way.

[hockley]

Given that most TSLA holders are in category 3, if you like the stock yesterday, you should like it today (absent any other information).