Wednesday, July 3, 2013

My Stock of the Day: TESLA


On Monday, writing for Reuters, Brendan McDermid reported TSLA (Tesla) closed trading up 9.15% for the day, at $117.18—and that analyst Elaine Kwei had raised her price target to $130.
My 2-year TSLA chart at Yahoo shows sideways movement for the stock until this spring, when it surged from the mid-$30s.
My 3-month chart shows modestly rising prices until May 13, when the big move upward began.
How good is the Tesla Model S (sedan)? Kelley Blue Book gives it this rave review:
“For around $63,500 (after a $7,500 federal tax credit) the 60 kWh Model S delivers sharp handling, sleek style, a huge 17-inch touchscreen, optional 7-passenger seating, cavernous luggage space, zero-to-60 acceleration under 6 seconds and more than 200 miles of pure electric driving. The Model S isn't a great electric car, it's a great car. Period.”

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