This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tesla Flies in Face of BMW i3

NEW YORK ( TheStreet) -- Tesla Motors (TSLA - Get Report) shares continued at a torrid pace, gaining 3.52%‎ to $133.95 despite news BMW is entering the electric vehicle space, announcing the i3.

BMW announced the i3, launching it in in New York, London and Beijing to much fanfare.

There had been some speculation that Tesla, maker of the popular Model S, would see some pullback on news of another entrant into the electric vehicle space. So far, that doesn't appear to be happening, as Tesla and its investors continue to ride the wave of enormous popularity seen for the Model S.

On its first-quarter earnings, Tesla announced it was raising its global guidance for Model S deliveries this year, saying it now expects to deliver about 21,000 vehicles for 2013, up from its prior goal of 20,000.

The Elon Musk-led company reports second-quarter earnings August 7. Analysts polled by Thomson Reuters are looking for Tesla to lose 17 cents per share on $393.67 million in revenue.

Tesla has been one of the best performing stocks on the Nasdaq this year, having gained 295% year-to-date. The Palo Alto, Calif.-based automobile company was recently added to two Nasdaq indexes, the NASDAQ-100 Index, as well as the NASDAQ-100 Equal Weighted Index.

TSLA Chart TSLA data by YCharts

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
TSLA $247.73 0.86%
AAPL $132.54 0.88%
FB $80.54 0.07%
GOOG $540.11 -0.44%
YHOO $43.48 -0.44%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs