Tesla Reaches New 52-Week High (TSLA)

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) hit a new 52-week high Tuesday as it is currently trading at $124.44, above its previous 52-week high of $122.18 with 586,513 shares traded as of 9:31 a.m. ET. Average volume has been 9.5 million shares over the past 30 days.

Tesla has a market cap of $13.88 billion and is part of the consumer goods sector and automotive industry. Shares are up 254.6% year to date as of the close of trading on Monday.

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, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Tesla Ratings Report.

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