Tesla Motors Inc. (TSLA) stock shares are soaring again, up over 8% today after receiving an upgrade from Jefferies analyst Elaine Kwel, who raised her target price to $130 per share. The Palo Alto electric car company expects to deliver 4,500 vehicles for the second quarter and 21,000 units this year. The stock has been on a tear, up over 300% since the beginning of the year.
If you’re a fan of Tesla electric cars, you know their petitioning the White House to be allowed to sell their cars in all 50 states. For traders looking to get in on the next move up, you should keep in mind that TSLA announces earnings on July 22nd. For longer-term investors, Tesla joins both General Motors (GM) and Ford (F) in rewarding patient shareholders in steady price appreciation in 2013.