May 14, 2013 (52 Week high-lows via COMTEX) -- Shares of Tesla Motors Inc (NASDAQ:TSLA) traded at a new 52-week high today of $97.12. So far today approximately 32.6 million shares have been exchanged, as compared to an average 30-day volume of 5.5 million shares.
In the past 52 weeks, Tesla Motors Inc share prices have been bracketed by a low of $25.52 and a high of $97.12 and are now at $88.89, 248% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 6.0%.
Tesla Motors, Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The Company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.
Based on a current price of $88.89, Tesla Motors Inc is currently 54.0% above its average consensus analyst price target of $40.86. The stock should find initial support at its 50-day moving average (MA) of $45.80 and further support at its 200-day MA of $35.42.
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Copyright, Comtex News Network, Inc. 2013
