On Friday, Tesla Motors (TSLA) officially expanded its presence in Southern California by opening another retail location in its push to increase electric-car sales.
This one was in Pasadena, on Colorado Boulevard and joins other area locations [via LA Times] — “on the 3rd Street Promenade in Santa Monica and on Santa Monica Boulevard near Westwood Boulevard in Los Angeles, as well as in Woodland Hills, Huntington Beach, Brea and Mission Viejo.”
Also on Friday, Tesla shares hit an all-time high after the electric car maker confirmed plans to build 400 charging points in 120 cities in China. The company will also build 20 new superchargers in 20 cities that will work around 16x faster than others for high-speed charging.
Before Friday’s announcement, Tesla, whose customers in China will be able to use the new charging points free of charge, had 200 charging stations in China.
Shares of Tesla closed more than 2 percent higher on Friday. They’re now up 66.65% y/y and 79.29% year-to-date. That follows a 330% spike for the stock in FY2013.