Tesla News: TSLA Stock Briefly Breaches $200 a Share

by Christopher Freeburn | February 11, 2014 12:32 pm

On Tuesday morning, Tesla Motors (TSLA[1]) stock climbed past $200 a share, but retreated by mid-morning.

Tesla Motors Model S 630[2]
Source: Flickr[3]

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[4]. Tesla vehicles don’t currently qualify for the new EV incentives, but could eventually, possibly boosting Tesla sales in China, Seeking Alpha notes.

In recent Tesla news, the company said its Model S pricing will start at 734,000 Chinese yuan or about $121,000[5], when the car debuts in China.

Last month, TSLA stock surged after positive Tesla news that fourth-quarter Model S sales[6] 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:

  1. TSLA: http://studio-5.financialcontent.com/investplace/quote?Symbol=TSLA
  2. [Image]: https://investorplace.com/wp-content/uploads/2011/08/tesla_model_s_630.jpg
  3. Flickr: http://www.flickr.com/photos/jurvetson/
  4. that could increase potential future Tesla sales: http://seekingalpha.com/news/1561371-tesla-motors-hits-200-a-share
  5. will start at 734,000 Chinese yuan or about $121,000: https://investorplace.com/2014/01/tsla-stock-much-will-telsa-model-s-cost-china/#.UvpbwnlhOf0
  6. that fourth-quarter Model S sales: https://investorplace.com/2014/01/tsla-stock-shares-tesla-model-s-forecasts/#.UvpcQ3lhOf0
  7. TSLA Stock – Tesla to Upgrade Charger Adapters to Prevent Garage Fires: https://investorplace.com/2014/01/tsla-stock-tesla-upgrade-charger-adapters-prevent-garage-fires/#.UvpdAXlhOf0
  8. Can Elon Musk and Tesla Stock Keep It Up in 2014? Our Experts Weigh In: https://investorplace.com/2013/12/tesla-stock-tsla-2014/3/#.UvpdNnlhOf0
  9. Consumer Reports: Tesla Owners Love Their Model S: https://investorplace.com/2013/11/consumer-reports-tesla-owners-love-model-s/#.UvpdZHlhOf0

Source URL: https://investorplace.com/2014/02/tesla-news-tsla-stock-briefly-breaches-200-share/
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