Founded in 2003 and headquartered in Palo Alto, CA., Tesla Motors, Inc. (NASDAQ : TSLA) designs, manufactures, and sells high-performance electric cars : the Model S sedan and the Model X sport utility vehicle (SUV). In addition to developing its own vehicles, Tesla Motors sells stationary energy storage products in the United States, China, Norway, and internationally. The sales are done through a network of Tesla stores and galleries, as well as through Internet.
Tesla has gone public as of June 29, 2010 and has a current market cap of $32 billion.
Analysts believe that in just a few short years, the electric car market will be overrun with bigger players and Tesla (TSLA) will be left in the dust.
Tesla Motors (TSLA) was last trading Monday at $229.15, down 0.62% from Friday and well off its $271.57 52-week high. The stock has continued its descent
Technically speaking, Tesla Motors (TSLA) stock has been building a relatively tight upper level mini-base above its 50-day MA located at $218.57 with an