4 Consumer Stock Stories for a Thursday Investment Shopping Experience
Tesla Motors Inc. (NASDAQ:TSLA): Closing price $125.61
Chief Executive Elon Musk says his company is surpassing its own goal of building Model S electric sedans at a rate of 400-per-week, as demand and the firm’s production skills increase. Musk commented Wednesday that “We’re above 400 a week at the current manpower, and not trivially above it,” while declining to elaborate too much prior to the release of Tesla’s second-quarter results. The CEO, who is also Tesla’s largest investor, did say that in late 2014 the pace is “going to 800 a week. I’m very confident we’ll get there.” Tesla shares have tripled in value this year, as the popularity of its $69,900 Model S sedan helped bring a first-quarter profit this year, marking the company’s first.