EVObsession logo

Connect with us

Hi, what are you looking for?

100% Electric Vehicles

Tesla (TSLA) Stock Sets Record High On Thursday

Despite predictions to the contrary, Tesla’s stock just continues to rise. In fact, it just recently hit a new milestone of over $200 a share. The exact peak was $202.72 a share, and occurred yesterday, February 13th. Here’s a screenshot of Tesla (TSLA) stock details:

Tesla stock

The recent record high comes after a bit of a dip back in November, when the stock fell by $70 dollars a share, from the previous high of $190. The stock has been on a more or less steady recovery since then. Before that fall, the stock had been on a meteoric rise, shooting up by over $150-dollars-a-share in less than a half-year.

The generally accepted reason for the drop in November is that the company’s third-quarter 2013 financial results didn’t meet investor expectations — though, widely reported Model S fires probably played a part as well, despite the fact that the numbers for fires per car sold is far below the average in the US.

On Tuesday, Autoblog Green provided some thoughts on the subject:

If you had chosen that low point to invest, we imagine you are wearing a very self-satisfied smile today. That’s because the TSLA stock has more than reversed all previous losses and reached a high of $201.91 (since this was written the stock has hit a new peak of $202.2). The most dramatic part of that rise came this week as the price saw a gain of $30. By the end of the day today, TSLA settled at $196.62, up just six cents from the close of trading yesterday.

Whether or not the stock has been buoyed by anticipation of the upcoming fourth-quarter financial reporting – estimated to happen a week from now – is hard to say. Certainly the fears over future battery supply constraints have been calmed, and we expect the upcoming call to have even more concrete details about the giga-factory.

However, since then, the stock has risen again, hitting the $202.72 a share just yesterday.

It’s hard to say where exactly the stock goes from here, but the potential for further growth does seem to be there… It’ll be interesting to see what happens with the launch of the Model X at the end of this year.

Keep up to date with all the hottest news about Tesla Motors here on EV Obsession.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


Free electric vehicle news daily


You May Also Like

100% Electric Vehicles

After a steep drop from the Tesla Model S, the BMW i3 is the most expensive electric car on the US market (just slightly...

100% Electric Vehicles

This article is also being published on EV Obsession and EV Sales. The Chinese market had more than 34,000 new EVs zooming the streets last...

100% Electric Vehicles

Electric car cost vs gas car cost is a perennial issue of discussion. Of course, the result keeps changing, and the options for comparison...

100% Electric Vehicles

Originally published on CleanTechnica. How large is the Chevy Bolt exactly? How do you tell if the model will be large enough to provide...