Investors just can’t get enough of Tesla Motors Inc (NASDAQ:TSLA). The stock has posted significant gains since its smashing earnings report, and in premarket trades, it kept rising—as much as 5.14 percent. Tesla Motors Inc (NASDAQ:TSLA) came out ahead of even its optimistic expectations, and it raised its guidance as a result, ramping up production and expanding into Asia and Europe.
The company’s stock hit an all-time high of $81 per share on Friday, although today’s trading closer to $77 per share. Also a number of analysts have raised their price target for the stock since the company’s positive earnings report.
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Tesla Motors’ Model S On The Streets
The Guardian contributor Jean-Louis Gassee recently highlighted the sheer number of Model S vehicles seen on the streets of Palo Alto. Although the city is known mostly for its position within the high-tech industry as it birthed companies like Hewlett-Packard Company (NYSE:HPQ), Google Inc (NASDAQ:GOOG) and Facebook Inc (NASDAQ:FB), it apparently also serves as a place where the trendiest new cars can be seen daily.
Gassee said he saw the beginnings of the Toyota Prius in Palo Alto and noted the lack of other green vehicles like the Smart car. In addition, he began to see vehicles made by Tesla Motors Inc (NASDAQ:TSLA). He said the company’s vehicles made their first appearance in the city starting with the Roadster, and now that the Model S is out, the high-tech residents of Palo Alto are even more intrigued with Tesla vehicles.
A Rave Review For Tesla’s Model S
Even Consumer Reports loves the Model S, giving it a 99 out of 100, which it hasn’t done for any other vehicle in six years. In fact, the trusted publication even went so far as to say that the Tesla Motors Inc (NASDAQ:TSLA) Model S is the best car it has ever tested, and a representative said that if the vehicle was able to recharge at any gas station within just three minutes, it would have received a score of 110.