Strong Upward Pre-Market Activity For Tesla Motors (TSLA)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Tesla Motors ( TSLA) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Tesla Motors as such a stock due to the following factors:

  • TSLA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.0 billion.
  • TSLA traded 166,865 shares today in the pre-market hours as of 9:02 AM.
  • TSLA is up 2% today from yesterday's close.

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More details on TSLA:

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Currently there are 7 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Tesla Motors has been 5.5 million shares per day over the past 30 days. Tesla has a market cap of $32.6 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.36 and a short float of 26.8% with 5.96 days to cover. Shares are up 75% year-to-date as of the close of trading on Wednesday.

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

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