Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Deutsche Bank AG (USA) (NYSE:DB)
Tesla Motors Inc (NASDAQ:TSLA) has been on the move lately as the stock has risen by 18.4% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on Tesla Motors Inc (NASDAQ:TSLA) is moving in the right direction. In fact, the stock currently has a Zacks Rank #1 (Strong Buy) , suggesting that the recent run could certainly continue for this in-focus company.
Tesla Motors Rises despite BMW i3 Launch (Zacks)
The recent launch of BMW’s new i3 battery electric car in New York, London and Beijing does not seem to endanger the popularity of Tesla Motors Inc (NASDAQ:TSLA) and its Model S electric car. Shares of Tesla Motors Inc (NASDAQ:TSLA) rose to the 52-week high of $135.37 and closed at $134.62 yesterday, up 4.0%, despite the i3 launch, which proves that the Palo Alto, Calif.-based automaker still reigns the electric car market. Although BMW i3 is launched with a lower price tag ($41,000) compared with Model S, it lags behind Tesla Motors Inc (NASDAQ:TSLA)’s car in terms of driving range. The i3 delivers 100 miles per battery charge, which is less than half of Model S.
Tesla Motors Upgraded to Buy by Deutsche Bank (TSLA) (Zolmax)
Deutsche Bank AG (USA) (NYSE:DB) upgraded shares of Tesla Motors Inc (NASDAQ:TSLA) from a hold rating to a buy rating in a research report sent to investors on Friday morning, TheFlyOnTheWall.com reports. The firm currently has $160.00 price target on the stock, up from their previous price target of $50.00. “In our ‘Electric Cars: Plugged In’ report published in 2008, we wrote that inherent advantages of pure Electric Veh’s had the potential to drive a paradigm shift in the industry, once key driving range and battery cost disadvantages closed over time. Tesla Motors Inc (NASDAQ:TSLA) appears well on its way to proving this, evidenced by several unbiased third parties concluding that Tesla Motors Inc (NASDAQ:TSLA)’s first mass-produced vehicle is the best car they’ve ever tested.
Chevrolet Impala Top Consumer Reports; Tesla Share Added 250% (FiscalInsider)
Tesla Motors Inc (NASDAQ:TSLA) performing outstanding. The electric car manufacturer has made solid sales and earnings that crushed estimates, while the cool factor of its vehicles have also helped the firm to gain some recognition. Company’s stock price surged this year, as strong results and confidence over electric car demand in the future pressed the stock up to new heights. Tesla Motors Inc (NASDAQ:TSLA) shares have added about 250% since the start of the year making the company one of the hottest stocks in the market. …Tesla Motors Inc (NASDAQ:TSLA) stock closed up at $129.39 on last trading day by gaining 4.29% or $5.32. Total 9.63 million shares were traded which are more than its average trading volume of 9.58 million.
