Tesla Motors Inc (NASDAQ:TSLA) shares moving higher with new peaks


Dallas, Texas 08/09/2013 (Financialstrend) – Shares of Tesla Motors Inc (NASDAQ:TSLA) are still moving higher with new peaks being touched on every day of trading for the past few sessions, despite the bearish report that was issued on the stock by Goldman Sachs. It had been reported that the analysts at Goldman Sachs remain conservative on the stock of Tesla Motors despite the strong earnings report released by the company. The company had made significant improvements in its profit margins for the second quarter of fiscal year 2013 with adjusted gross margin reported at 13 percent. This proves to be a significant rise over the 4% profit margin reported for the first quarter of this fiscal year.

Analysts believe that Tesla Motors Inc (NASDAQ:TSLA) would prove to gain a gross profit margin of 25% for this fiscal year without counting the regulatory credits. However, there had been increasing concerns over the expected demand for the company’s vehicles in the markets. It is believed that Tesla should move on to achieve competitive advantage in the industry through richer mix of vehicles, better leverage from higher production volumes and continual developments in the production efficiency by the end of this fiscal year.

Shares of Tesla Motors Inc (NASDAQ:TSLA) had traded on Thursday to present gains of 14.34% and had closed the trading session at $153.48 per share. The stock had been presenting intraday price fluctuations in the range of $150.46 at the lowest and $158.88 at the highest on Thursday. Presently the stock is at 52 week low price of $26.86 and 52 week high price of $158.88 per share. There had been 27.25 million shares that had traded on this stock in the markets in Thursday, while on an average the stock had presented 10.00 million shares of trading volume.