Tesla Motors Inc (NASDAQ:TSLA) is seeing soars in its shares and Impala of Chevrolet tops ranking of Consumers Reports


Dallas, Texas 07/29/2013 (Financialstrend) – Tesla Motors Inc (NASDAQ:TSLA) closed in the previous trading session at $129.39 after going 4.29% (or +$5.32) in the northwards direction. The stock has hit day’s high at $130.68 and day’s low at $126.61.

After Deutsche Bank raised the rating of Tesla to “buy” and said that the success has just begun for the electric car maker, the shares of the company soared 4 percent. The bank said that the electric vehicles of Elon Musk’s Tesla Motors Inc. have the power to drive a paradigm shift in the industry.

The Model S, which is the first mass-produced vehicle of Tesla Motors has been said to be the best car of its kind by several third party testers. The brokerage believes that the “Gen 3,” a smaller version of Model S, which is worth $72,000, will generate 25% gross margins and will help Tesla to develop more than double in 3 to 4 years.

The brokerage also believes that the company, Tesla Motors will by the end of the decade, reach 200,000 units across all of its models which would make up about 5% of the addressable market of comparable vehicles.

Impala of Chevrolet, which has been banished to rental fleets and seen as outdated for years, has gotten the last laugh. The redesigned and completed model of Impala has topped Consumer Reports’ list and has become the first car which did not have a Japanese or German nameplate to top the rankings in about 20 years.

The 2014 Impala is the latest car to race back to recognition and has marked a drastic turn around for the model.  The director of automotive testing at Consumer Reports, Jake Fisher noted that numerous redesigned models of America that includes Ford’s Escape and Jeep Grand Cherokee have delivered best performances in their tests. He said that the performance of Impala is another indicator of renaissance.