/ Industry, News, Tesla / Tesla Motors rises to record high

Tesla Motors rises to record high

Linked In Share
Tesla Motors rises to record high

Tesla Motors Inc. rose to a record high after a Stifel Nicolaus & Co. report claimed the electric carmaker’s increasing production output could allow the company increase its value to $400 a share. That’s even before starting to make the announced lower-priced model.

Tesla rose 5.3% at the beginning of September to $284.12, the highest closing price since June 2010 when it got an initial public offering. The stock had previously closed to a record also on August 29.

James Albertine, equity analyst with Stifel, wrote in a note to investors on September 1 that the company “appears to have carved out a defensible niche in the global market for luxury electric vehicles, and based on our recent tour of the Fremont, CA, facility, a sizable head start with respect to production. [Tesla] is on track (if not ahead of plan) to achieving a 1,000 unit per week production rate by year-end 2014.”

Albertine then upgraded his rating on Tesla to buy from hold with a target price of $400. The Tesla shares have been rapidly growing lately, up 89% this year, while the company has also increased its sales of premium Model S sedans, priced around $71,000, entering China, with plans of starting deliveries in Japan as well. The youngest publicly traded U.S. automaker plans to add the Model X electric sport-utility vehicle in 2015 and the Model 3, which is a smaller, more affordable premium sedan by 2017.

By Gabriela Florea

by Aurel Niculescu (my Google+) - Wednesday, September 3rd, 2014 - filed under Industry, News, Tesla. Image credit: .
Linked In Share
Related Articles
analyst record report rise share


Discuss: Tesla Motors rises to record high

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[VIDEO] BMW X5 xDrive40e gets extended video
[VIDEO] BMW X5 xDrive40e gets extended videoAn extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker. The BMW X5 ...
Exclusive – Audi not planning pickup truck
Exclusive – Audi not planning pickup truckAn Audi insider has recently confirmed with inautonews.com that the company has no plans of offering a pickup ...
[VIDEO] Baby McLaren makes video debut
[VIDEO] Baby McLaren makes video debutThe first video with the recently unveiled McLaren 570S has been uploaded onto the web and it is showing the model from a lot of ...
[VIDEO] Lamborghini Huracan vs. Porsche 918 Spyder drag race
[VIDEO] Lamborghini Huracan vs. Porsche 918 Spyder drag raceA Lamborghini Huracan has recently went up against a Porsche 918 Spyder in a drag race which is making us wonder whether the ...
Cadillac CT6 gets one last teaser
Cadillac CT6 gets one last teaserCadillac has released a final teaser image for the flagship sedan which will be officially presented to the public tomorrow, ...
[VIDEO] Ferrari LaFerrari vs. Bugatti Veyron drag race
[VIDEO] Ferrari LaFerrari vs. Bugatti Veyron drag raceA drag race between a Ferrari LaFerrari and an iconic Bugatti Veyron has been recently caught on camera and it is showing the two ...
Mercedes-Benz CLA Shooting Brake confirmed for Australia
Mercedes-Benz CLA Shooting Brake confirmed for AustraliaThe Mercedes-Benz CLA Shooting Brake will arrive in Australia this June and it will be 1,500 AUD more expensive than its ...
Fiat 500 Vintage ’57 – fresh photos dropped
Fiat 500 Vintage ’57 – fresh photos droppedFiat has dropped fresh images with the recently unveiled 500 Vintage ’57 which may end up as wallpapers on several devices ...
Ford system takes speeding prevention to new level
Ford system takes speeding prevention to new levelJust as people say you’re not a true college student if you didn’t flunk at least once, so drivers are not “experienced” ...
[VIDEO] Lamborghini Gallardo police car does donuts
[VIDEO] Lamborghini Gallardo police car does donutsA Lamborghini Gallardo police car has been recently spotted while doing donuts in an appealing video. We are not used to seeing ...
Recall roundup: BMW motorcycles
Recall roundup: BMW motorcyclesBMW has issued a recall for certain model year motorcycles because of the mounting flange on the rear wheel. BMW is in the ...
Lincoln to also introduce hip-hop favorite Navigator SUV to China
Lincoln to also introduce hip-hop favorite Navigator SUV to ChinaChinese customers, well known for hunting down pieces of celebrity glamour, will have the chance to buy a US vehicle that ...
US: Toyota introducing affordable auto braking safety packs
US: Toyota introducing affordable auto braking safety packsToyota Motor Sales USA Inc, the local division of Toyota Motor Corp, the largest automaker in the world, recently announced it ...
2015 Ford C-MAX and S-MAX get priced in the UK
2015 Ford C-MAX and S-MAX get priced in the UKThe facelifted C-MAX and Grand C-MAX and the new generation of the S-MAX are getting ready to be introduced in the United ...
Mid-engined Corvette gets rendered
Mid-engined Corvette gets renderedAnother rendering with the Chevrolet Corvette is showing us the high-performance American sports car in a mid-engine layout. The ...
Read more automotive news


2015 Geneva Motor Show Coverage

Fiat-500-Retro-1
mid-engined corvette 1
Honda-S660-Mugen-1
mazda mx-5 1
2016 GMC Terrain 1
McLaren-570S-01Coupe
2016 audi a4 1
Honda S660 Concept Edition 1
bmw m4 coupe crash mechanic netherlands 1
mclaren mp4-12c crash train florida 1
mclaren 675lt spotted spain 1
Audi R8 V10 Plus Vegas Yellow 1

More automotive from inautonews
An extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker. The BMW X5 xDrive40e is being highlighted once again these days, this time with the help of an extended clip which is explaining some of the features of the model. The plug-in hybrid ...
read more
Inautonews Editors Section
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD The Mitsubishi ASX can be called just about anything except for “new” and this is the word we are looking for because the company seems to have ...
Test Drive – BMW 2-Series Active Tourer 218d
Test Drive – BMW 2-Series Active Tourer 218dIn an attempt to keep production costs low and to go ahead with its times, the 2-Series Active Tourer is the first vehicle made by BMW with a ...
Test Drive: BMW 225i Active Tourer
Test Drive: BMW 225i Active TourerOne word of advice from the very beginning – if you’re a BMW purist that believes the blue-white logo has nothing in common with front wheel ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: BMW motorcyclesBMW has issued a recall for certain model year motorcycles because of the mounting flange on the ... US: Toyota introducing affordable auto braking safety packsToyota Motor Sales USA Inc, the local division of Toyota Motor Corp, the largest automaker in the ...
Safety Section