Why Tesla Motors (TSLA) Stock Hit a One-Year High Today

NEW YORK (TheStreet) -- Tesla Motors  (TSLA) rose to a 52-week high of $265.35 on Wednesday after the electric car maker opened two new Supercharger stations in the U.K.

Tesla opened one Supercharger station in London at the Hyatt Regency and another at the Hyatt Regency Birmingham, according to engadget. The sites join the first Supercharger at the Royal Victoria Docks.

The company said on its website it plans to have at least 11 Supercharger stations operational within the next year to complement the Model S, which has been available in the U.K. for several months.

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The stock was up 1.57% to $264.05 at 10:14 a.m.

Separately, 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, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins."

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