NEW YORK (TheStreet) -- Tesla Motors (TSLA) - Get Report stock is up by 3.61% to $207.55 in mid-afternoon trading on Thursday, after the company was named the largest seller of electric cars in the U.S. and globally during 2015.
The Palo Alto, CA electric vehicle manufacturer sold 25,700 units of the Model S, which is a 48% increase year-over-year, according to HowMuch.net. The second-best selling electric car model, Nissan MotorCo.'s LEAF model,sold 17,269 units during 2015.
With 50,000 electric vehicle units sold, Tesla sold the most electric vehicles in the world, HowMuch.net reports.
Additionally, Tesla's development of autonomous driving technology could be affected by President Barack Obama's fiscal 2017 budget.
The budget will propose a $4 billion investment to help test connected vehicles in designated areas in the U.S., the Department of Transportation said in a statement. The department also unveiled updated safety guidelines for the vehicles.
Separately, TheStreet Ratings has a "hold" rating on the stock with a letter grade of C-. The stock, which hasn't changed much in the last year, has some strengths and weaknesses that give little evidence to justify the expectation of positive or negative performance. TSLA's revenue growth of 10% year-over-year has slightly outpaced the industry average of 9.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TSLA