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Tesla Motors Inc (TSLA) News: Car of the Year, Upgraded Shares & Goldman Sachs Group, Inc. (GS)

Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Goldman Sachs Group, Inc. (NYSE:GS), General Motors Company (NYSE:GM), Deutsche Bank AG (USA) (NYSE:DB)

Tesla Motors Inc (NASDAQ:TSLA)Tesla Sets Sights on Fledgling China EV Market (TriplePundit)
Tesla Motors Inc (NASDAQ:TSLA) has been on a strong run in the days leading up to its August 7 earnings report. Sales are up and the Model S is the 2013 North American Car of the Year. The Silicon Valley startup is exporting more cars to Europe while at home, automakers such as General Motors Company (NYSE:GM) have taken notice. Now, the luxury electric vehicle designer and manufacturer is venturing into China. A showroom will open in Beijing, prescient timing as automobile sales continue to surge and the air quality in the country’s largest cities only worsen. But can Tesla Motors Inc (NASDAQ:TSLA) succeed in a country more keen on manufacturing electric vehicles (EVs) than actually buying them?

Can the Recent Uptrend Continue for Tesla Motors Inc (TSLA)? (Zacks)
Tesla Motors Inc (NASDAQ:TSLA) has been on the move lately as the stock has risen by 18.4% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on Tesla Motors Inc (NASDAQ:TSLA) is moving in the right direction. In fact, the stock currently has a Zacks Rank #1 (Strong Buy), suggesting that the recent run could certainly continue for this in-focus company.

Tesla Motors Receives Neutral Rating from Wedbush (TSLA) (WatchListNews)
Tesla Motors Inc (NASDAQ:TSLA)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a $110.00 price objective on the stock. Wedbush’s price target indicates a potential downside of 14.99% from the company’s current price. A number of other analysts have also recently weighed in on Tesla Motors Inc (NASDAQ:TSLA). Analysts at Deutsche Bank AG (USA) (NYSE:DB) upgraded shares of Tesla Motors Inc (NASDAQ:TSLA) from a “hold” rating to a “buy” rating in a research note to investors on Friday. …Tesla Motors Inc (NASDAQ:TSLA) opened at 129.39 on Monday. Tesla Motors Inc (NASDAQ:TSLA) has a 52-week low of $25.52 and a 52-week high of $133.26. The stock’s 50-day moving average is currently $112.5.

Tesla Hits New All Time Highs: Is It A Short? (Benzinga)
Tesla Motors Inc (NASDAQ:TSLA) is trading at $135.12, +5.73 (4.43%). This is a new all time high for the stock and many are asking if the Goldman Sachs Group, Inc. (NYSE:GS) downgrade to $85 meant anything. Ultimately, Goldman Sachs Group, Inc. (NYSE:GS) will be right with the stock coming back down. Valuations are far too stretched and even the technical levels are not showing much further upside. The only thing driving the stock is a high amount of shorts. As the stock goes higher, stocks must cover. That creates artificial buying which propels it higher. What is the master level for resistance? The stock is nearing its next master level. This level is $136 – $140. Look for it to top out and start back down again in the coming days.

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