NEW YORK ( TheStreet) -- Tesla Motors' (TSLA - Get Report) share price is being driven up by company financial performance, a strong product and shorting by traders. Recognizing the influence of these three factors allows investors to refine their trading strategy for this stock.Tesla reached the $87 on Monday with its market cap soaring into the $8 billion dollar plus range. TSLA data by YCharts
The second reason: The company is selling a ton of its cars because of the great design of the vehicles. If Tesla creates a car that people look at, if they fall in love with the design, and just HAVE TO HAVE it, then they will buy it. Remember the Apple iPod taking off because of great design. If you read Dan Pink's book, 'A Whole New Mind,' you'll find he talks about the shift in our society for the necessity for great design instead of just another product. In this case it's a sexy, electric, fast sedan that everyone has to have.