Prior to next week’s earnings report, Tesla Motors Inc (NASDAQ:TSLA) stock has extended current years’ longest gaining streak as it climbed as high as $196 on Monday. Today Tesla Motors Inc (NASDAQ:TSLA) shares went up 5.94% to $197.59; it seems that again stock is grabbing the wave of popular enthusiasm, as its share price to quadruple in 2013. The electric car maker company once again is being viewed in a positive spotlight despite the looming worries about the Model S’s batteries that were being prone to catching fire and last month’s recall of charging equipment have evaded.

Tesla Motors Inc (TSLA) has officially launched sales in China and now sold cars in all 50 U.S. states. Electric company, in the last three months of 2013, also delivered 6,900 Model S electric sedans, that was 20 percent higher than the estimates it gave, when it reported third-quarter earnings in November.

It seems like a good wave of gains, into a 30% year-to-date rally f in TSLA shares, ahead of its quarterly results, that is scheduled to release on February 19. According to analysts polled by Thomson Reuters project estimate, company will report fourth-quarter profit of 19 cents a share, on the anticipated revenue of $663 million.

The gaining momentum of TSLA shares was stagnant initially in last of May after the company posted its first-ever quarterly profit. TSLA stock peaked in late September at $194.50, at that point up 474 percent on a year-to-date basis. After three incidents of Tesla’s battery-powered vehicles caught fire shares trimmed for the next two months. The stock traded below $120 by late November.

2 Comments

  1. The software update that was part of the recall that was supposed to “fix” Tesla’s fire hazard hasn’t worked too well. He Tesla charge connectors are still overheating, melting and burning. Some Tesla owners are claiming that the software update actually increases the fire hazard in some cases by increasing the current when a fault is detected.

    The Tesla model S. still has defects that make it a fire hazard. Tesla charger connections are still overheating, melting and burning. Tesla is Junk.

    On 1/9/2014 Elon Musk said that replacement adapters that are part of the recall would be mailed out within two weeks. A month later Tesla customers have still not received the replacement adapters that are part of the Tesla model S. recall.

    Several people have been injured by faulty Tesla charge connectors. Tesla is big on making promises and hype, but short on delivery. Tesla needs to start making safety a top priority. Tesla needs to stop playing blame games and games with semantics. Tesla needs to stop lying. Tesla needs to be proactive instead of reactive. Tesla is being a follower of technology, rather than a leader. Tesla is a greedy corporation that has a disregard for safety. The Tesla model S. is an E-Pinto..

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