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Shares of mid-cap electric car maker
Tesla Motors (
TSLA) are up almost 25% after the firm delivered better-than-expected numbers for the first quarter. The firm achieved its goal of earnings a profit for the quarter, bringing home 12 cents per share. That's triple what analysts expected the firm to make.
The firm also posted a lifted sales outlook, expecting to deliver 21,000 Model S sedans for the full year. This stock is both technically and fundamentally very attractive right now, even if momentum has been a bit insane for the last month and change.
Expect some consolidation after such a big run higher. That could be an opportunity to build a position in TSLA.
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