Tesla Rises On Unusually High Volume (TSLA)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Wednesday with 21.2 million shares changing hands. It is currently at two times its average daily volume and trading up $9.34 (+8.6%) at $118.39 as of 2:51 p.m. ET.
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Tesla has a market cap of $14.71 billion and is part of the consumer goods sector and automotive industry. Shares are up 222% year to date as of the close of trading on Tuesday.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components.
TheStreet Ratings rates
Tesla
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full
.
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