Tesla Motors (TSLA) Strong In Pre-Market Trading

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.

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 $1.3 billion.
  • TSLA traded 79,537 shares today in the pre-market hours as of 8:00 AM.
  • TSLA is up 4.6% today from Friday's close.

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More details on TSLA:

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. Currently there are 8 analysts that rate Tesla Motors a buy, 3 analysts rate it a sell, and 4 rate it a hold.

The average volume for Tesla Motors has been 5.3 million shares per day over the past 30 days. Tesla has a market cap of $28.6 billion and is part of the consumer goods sector and automotive industry. Shares are up 1.6% year-to-date as of the close of trading on Friday.

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