Finally some good news for Tesla Motors Inc TSLA. Shares surged today after analysts issue positive reports and German regulators find no fault with the Model S after the recent fires.
Tesla Motors Inc ( TSLA) shares did an about-face today, surging as much as 13% after a mix of positive reports bringing upward momentum to the automaker’s stock. For one, German regulators decided after investigating that there are no defects in the Model S which contributed to the three recent fires in North America. In addition, analysts from at least two firms have issued positive reports on Tesla this morning, adding fuel to the fire, so to speak.