Tesla Stock Rises After Increased Demand

Posted: Jan 15 2014, 2:11am CST | by , Updated: Jan 15 2014, 2:24am CST, in News | Technology News

 

Tesla Stock Rises
Image Credit: Tesla Motors
 

Tesla Motors stock rose by 16% after an increase in demand for its vehicles. Especially, the Model S sedan is up for grabs and has been a major contributor to the coffers of Tesla Motors.

This is the fourth quarter at Tesla Motors and already the stock is up by a whopping 16%. This is proof if any is needed that Tesla Motors is at its peak. Close to 6,900 Model S sedans got shipped during this period. That is nearly 20% more than the predicted number of deliveries. The times look favorable to the electric car company. 

The VP of sales and service spoke about the reckless growth. Later on he corrected himself and said he meant relentless growth. A slip of the tongue can reveal so much! He also said that the venues are to double this year. It is a miracle that the company is prospering despite the fire hazards that occurred in two Model S sedans recently. 

There is a great capacity for growth. And the company is going from strength to strength. Already, a new course has been adopted. The future manufacture of a bunch of compact cars (termed Gen III) will serve Tesla Motors well. 

Meanwhile, the Chief Executive, Elon Musk has spoken volubly regarding the adaptors that the company is mailing to car owners. This step has been taken in a spirit of generosity and safety insurance. The aim is to prevent any future fire incidents. 

Elon Musk confirmed that no vehicles were being recalled. He said that the media was mistaken about that rumor. Tesla Motors has served the world for more than half a decade via its high quality vehicles which are currently being driven in 31 nations. It is a success story alright.  

Tesla Stock reports that on Tuesday, January 14th, "Tesla Motors Inc finished at $161.02 up $21.68. This left TSLA somewhat off the day’s high of $161.96. It rallied significantly off the day’s low of $136.80. Tesla Motors Inc outperformed the S&P500 ETF today, which changed 1.07%. Currently Tesla Motors Inc is 13.06% above its 50 day moving average. Volume was incredibly high today with the issue trading 26,372,752 shares. That’s over twice the average volume."

Source: TeslaMotorsReuters

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The Author

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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tesla | demand | rises