Tesla Motors Inc (TSLA) Stock Soars Over $200

Tesla stockBlomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA) has hit another record high today, surpassing $202 a share as it looks positioned to close out the week above $200. Looks like all of those options traders who were betting that Tesla would pass $200 a share by the end of the week were right.

Tesla reports earnings next week

Investors are probably preparing for next week’s earnings report and hoping for yet another surprise from the automaker. On average, analysts expect Tesla Motors Inc (NASDAQ:TSLA) to report earnings of 19 cents per share on $656 million in revenue for the fourth quarter. In the same quarter a year ago, the company reported losses of 65 cents per share on $306 million in revenue.

Over the last 12 months, shares of Tesla Motors Inc (NASDAQ:TSLA) have rocketed upward by an incredible 425% as investors pile in on long-term hopes about the company. In just the last three months, shares have increased 46%, with much of that coming since the surprise announcement about fourth quarter deliveries.

It will be especially interesting to see how investors react to next week’s earnings report. With this week’s climb in share value, it looks like Wall Street expects quite a bite from the automaker. Because of how high those expectations are, it will be quite difficult for Tesla Motors Inc (NASDAQ:TSLA) to surprise to the positive.

What’s driving Tesla shares?

Aside from the upcoming earnings report, Tesla Motors Inc (NASDAQ:TSLA) also received a rave review from one of the high performance auto industry’s most-respected men: Christian von Koenigsegg of the Swedish automaker Koenigsegg Automotive.  According to Clean Technica, he has tried to get into the electric vehicle industry himself, but he ended up buying a Model S. He called it a great value for the performance and compared it to the BMW M5—except that he said the Model S handles better than the BMW and is more fun to drive.

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at Mjones@valuewalk.com.

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