Shares of Tesla Motors (Nasdaq:TSLA) were gapping up Thursday morning with an open price 25.7% higher than Wednesday's closing price. The stock closed at $55.79 yesterday and opened today's trading at $70.12.
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) -- Shares of Tesla Motors (Nasdaq: TSLA) were gapping up Thursday morning with an open price 25.7% higher than Wednesday's closing price. The stock closed at $55.79 Wednesday and opened today's trading at $70.12.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The average volume for Tesla has been 2.9 million shares per day over the past 30 days. Tesla has a market cap of $6.4 billion and is part of the consumer goods sector and automotive industry. Shares are up 64.7% year to date as of the close of trading on Wednesday. Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. 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. Get more investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.