Tesla Rises On Unusually High Volume (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) is trading at unusually high volume Monday with 7.1 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $7.15 (+9.3%) at $83.91 as of 10:26 a.m. ET.

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Tesla has a market cap of $8 billion and is part of the consumer goods sector and automotive industry. Shares are up 104.9% 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.

TheStreet Ratings rates Tesla as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Tesla Ratings Report.

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