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 Heads Toward $200

Updated from 12:53 p.m. to include Tesla comment in the third paragraph.

NEW YORK (TheStreet) -- Tesla Motors (TSLA - Get Report) shares surged another 5.6% to $197.00 on Monday, getting close to the magical $200 ahead of earnings next week.

There's no news that I can see moving the stock, though the company seems to have eschewed the negative press and bad will levied against it following the Model S fires that took place in 2013.

Tesla declined to comment, citing the fact the company does not comment on stock price.

TSLA ChartTSLA data by YCharts


The company is expected to hold its fourth-quarter earnings call next week, despite Tesla having already preannounced results. Jerome Guillen, Tesla vice president, announced the numbers from the Detroit Auto Show. He said Tesla delivered 6,900 Model S units during the fourth quarter of 2013, 20% higher than initial guidance. Analysts surveyed by Thomson Reuters expect Tesla to to earn 19 cents a share on a non-GAAP basis in the fourth quarter on $663.32 million in revenue. 

Last week, Consumer Reports ranked Tesla fifth in its annual Car-Brand Perception Survey, a list that includes other automakers such as Toyota (TM), Honda (HMC), Ford (F) and GM's (GM) Chevrolet. 

CEO Elon Musk also tweeted that Tesla would be releasing another software update soon.

-- 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TSLA $218.42 -0.08%
AAPL $130.28 0.47%
FB $81.53 -1.07%
GOOG $565.06 3.30%
YHOO $44.52 1.89%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs