Tesla Stock Hits 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 $115.27, above its previous 52-week high of $114.90 with 3.7 million shares traded as of 10:21 a.m. ET. Average volume has been 9.3 million shares over the past 30 days.

Tesla has a market cap of $12.62 billion and is part of the consumer goods sector and automotive industry. Shares are up 217% 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 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 has had generally high debt management risk by most measures that we evaluated. You can view the full Tesla Ratings Report.

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