Tesla News: TSLA Stock Briefly Breaches $200 a Share

Reports about changing Chinese EV incentives drove the rise


On Tuesday morning, Tesla Motors (TSLA) stock climbed past $200 a share, but retreated by mid-morning.

Tesla Motors Model S 630
Source: Flickr

Tesla’s brief gains were driven by Tesla news that China has issued new electric vehicle (EV) incentives that could increase potential future Tesla sales. Tesla vehicles don’t currently qualify for the new EV incentives, but could eventually, possibly boosting Tesla sales in China, Seeking Alpha notes.

TSLA Stock After the Run-Up: The Bullish & Bearish Cases for Tesla
TSLA Stock After the Run-Up: The Bullish & Bearish Cases for Tesla

In recent Tesla news, the company said its Model S pricing will start at 734,000 Chinese yuan or about $121,000, when the car debuts in China.

Last month, TSLA stock surged after positive Tesla news that fourth-quarter Model S sales had exceeded expectations.

TSLA stock was trading up modestly by Tuesday afternoon, just under $198 a share. TSLA stock has soared more than 400% over the past twelve months.

More Tesla News:

Article printed from InvestorPlace Media, http://investorplace.com/2014/02/tesla-news-tsla-stock-briefly-breaches-200-share/.

©2017 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.