Tesla Stock Up

April 5th, 2013 by Zach

Following a few big announcements in the past week or two, Tesla stock is up quite a bit. Writing yesterday, MarketWatch reported that Tesla stock was up 8% for the week and 21% since January 1.

The biggest announcements driving the stock increase are likely the two in the article reposted below — that Model S sales have exceeded the target set in mid-February, and that Tesla was profitable in Q1. Elon Musk’s exciting recent TED Talk, a new lease-to-buy option for the Model S, the Model S winning 2013 World Green Car of the Year, Elon Musk’s statement that Tesla is on track to pay back its DOE loans 5 years early, and a fleshed out European game plan, also probably didn’t hurt. Though, the expectations for the announcement regarding the lease-to-buy option were higher than what was delivered, resulting in a bit of a stock roller coaster ride over the past week. Nonetheless, I think the new option is a net win, and the two announcements gave a big boost to the rockstar electric vehicle company:

Tesla Model S Sales Exceed Target, Tesla To Be Profitable In Q1 (via Clean Technica)

Tesla made a few pretty big announcements yesterday (nope, none of which are the one Elon Musk tweeted about late last week). In summary, the three announcements are that Model S sales are greater than targeted, Tesla has upgraded its Q1 outlook and hit profitability that quarter, and the 40 kWh battery…

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Tags: Elon Musk, stocks, tesla, tesla model s, Tesla Model S leasing, Tesla stock

About the Author

Zach is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.