Tesla Stock Hits New 52-Week High (TSLA)

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) hit a new 52-week high Friday as it is currently trading at $35.01, above its previous 52-week high of $35 with one million shares traded as of 2 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Tesla has a market cap of $2.86 billion and is part of the consumer goods sector and automotive industry. Shares are up 15.8% year to date as of the close of trading on Thursday.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company offers Tesla Roadster, an electric sports car.

TheStreet Ratings rates Tesla as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share. You can view the full Tesla Ratings Report.

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