Tesla Reaches New 52-Week High (TSLA)

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) hit a new 52-week high Monday as it is currently trading at $37.26, above its previous 52-week high of $36.59 with 1.3 million shares traded as of 12:40 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 19.3% year to date as of the close of trading on Friday.

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 largely solid financial position with reasonable debt levels by most measures. 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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