Why Telsa (TSLA) Stock Is Higher This Morning

NEW YORK (TheStreet) -- Shares of Tesla Motor (TSLA) are up 1.63% to $207.10 in pre-market trade.

Tesla CEO Elon Musk is in China for talks with China Petroleum & Chemical Corp. (SNP) to build charging facilities in their nationwide service-station network, according to a Chinese media report today, the Wall Street Journal reports.

The Chinese refiner would build charging units in its gasoline stations in Beijing at first, and then spread them to the surrounding areas of the port city of Tianjin and Hebei province, reported 163.com, an online news portal owned by Internet company NetEase Inc.  (NTES), the Journal added.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."

If you liked this article you might like

3 New Badass Indian Motorcycles That Will Probably Make Polaris Investors Happy

The 12 Most Ridiculous Kitchen Appliances You Can Buy From Amazon

Tesla Shorts Beware; Traditional Media Makes a Comeback, -ICYMI

Tesla Is Dropping but Now Is One of the Worst Times to Be Short

Tesla to Discontinue Production of Cheaper Model S