Tesla Heads Toward $200

Updated from 12:53 p.m. to include Tesla comment in the third paragraph.

NEW YORK (TheStreet) -- Tesla Motors (TSLA) shares surged another 5.6% to $197.00 on Monday, getting close to the magical $200 ahead of earnings next week.

There's no news that I can see moving the stock, though the company seems to have eschewed the negative press and bad will levied against it following the Model S fires that took place in 2013.

Tesla declined to comment, citing the fact the company does not comment on stock price.

TSLA ChartTSLA data by YCharts


The company is expected to hold its fourth-quarter earnings call next week, despite Tesla having already preannounced results. Jerome Guillen, Tesla vice president, announced the numbers from the Detroit Auto Show. He said Tesla delivered 6,900 Model S units during the fourth quarter of 2013, 20% higher than initial guidance. Analysts surveyed by Thomson Reuters expect Tesla to to earn 19 cents a share on a non-GAAP basis in the fourth quarter on $663.32 million in revenue. 

Last week, Consumer Reports ranked Tesla fifth in its annual Car-Brand Perception Survey, a list that includes other automakers such as Toyota (TM), Honda (HMC), Ford (F) and GM's (GM) Chevrolet. 

CEO Elon Musk also tweeted that Tesla would be releasing another software update soon.

-- Written by Chris Ciaccia in New York

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