Is Tesla Motors Poised to Continue Rising?

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With shares of Tesla Motors (NASDAQ:TSLA) trading around $151, is TSLA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Tesla Motors designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company also provides services for the development of electric powertrain systems and components, and sells electric powertrain components to other automotive manufacturers. It markets and sells its vehicles through Tesla stores as well as over the Internet. Consumers and companies are looking to save at the pump, and what better way to do so than with electric vehicles?

Tesla Motor’s share price had been set back recently by reports of fires in the auto maker’s electric vehicles. However, a federal review left the top safety rating intact. After the news, shares rose 6.4 percent in recent trade. “We see a series of positive catalysts over the next several months that could lead to renewed confidence in the company’s earnings trajectory,” said Deutsche Bank Analyst Dan Galves. In particular, he cited the favorable resolution to the probe, strong orders out of China, and increased visibility.

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