Tesla Shares Touch New All Time High and 2 Other Hot Stocks to Watch
Tesla Motor Co. Inc. (NASDAQ:TSLA): Current price $183.05
On Friday morning, Tesla shares touched the new all time high of $185.83 before pulling back modestly. Thus far, the stock is up by an eye-popping 441 percent in 2013, jumping Thursday after analyst Dan Galves at Deutsche Bank raised his price target from $160 to $200.
Galves commented in part that, “Based on conversations with management and monitoring information available on Tesla owners’ blogs, we believe that the company is on-track to modestly outperform third quarter margin expectations, that demand has continued to grow in the US and Europe (despite substantial option pricing increases in effect as of late July), and that the production rate at Tesla’s factory has continued to increase.”