Tesla Motors (TSLA) Shares Up 2.70% in Premarket Trading

Shares of Palo Alto, Calif.-based Tesla Motors (TSLA) advanced to $250.56 at the close yesterday in New York and have risen more than 2.50% in pre-market trading Tuesday, after the maker of luxury electric sports sedans said it will open more than 30 new stores across Europe, and expand its Supercharger network there as well. Tesla made the announcement at the Geneva Motor Show.

TSLA continues to see strong upside momentum, putting it on track to re-test and outpace the high of $265.00 set on Feb 26, 2014. The ticker has an average 3-month day trading volume of 9.7 million shares. The ticker has a 52wk range of $34.92 – $265.01. The company has a current market cap hovering above $30 billion, about half that of General Motors (GM) and Ford (F).

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