Tesla Reaches New 52-Week High (TSLA)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) hit a new 52-week high Monday as it is currently trading at $58.23, above its previous 52-week high of $58.18 with 3.8 million shares traded as of 3:46 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Tesla has a market cap of $6.24 billion and is part of the consumer goods sector and automotive industry. Shares are up 59.8% 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.

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TheStreet Ratings rates Tesla as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. You can view the full Tesla Ratings Report.

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