Thursday, December 12, 2013

Tesla's December Stock Rebound (TSLA)

The shares are up $8.12 at $147.77. We have been targeting $160 before a resumption of the down-move. $100 beckons with  a bunch of gaps from late May.

From Barron's Stocks to watch column:
Don’t look now, but Tesla Motors’ (TSLA) shares have bounced nicely since getting hammered in October and November, following its big rally and disappointing earnings announcement.

Tesla’s stock has gained 13% in December after dropping 34% from Sept. 30 through Nov. 30. That easily best’s General Motors’ (GM) 3.8% December gain, Ford Motor’s (F) 3.6% loss and Toyota Motor’s (TM) 4% decline.

Of course, Tesla’s long-term success will depend  a lot on whether it can introduce new models, especially the Model E, which is supposed to be a reasonably priced, mass-market vehicle. On that front, InsideEVs.com cites a German interview with Tesla’s chief designer, Franz von Holzhausen, from Autobild to bring us the news that Tesla could unveil its Model E at the 2015 Detroit Auto Show (news that was reported in German on Dec. 6, but news that I haven’t seen reported widely)....MORE
From Motley Fool:
Tesla's Exhaustive List of 2013 Accolades
Automobile of the Year. According to Automobile Magazine, the Model S was the best new car for 2013. The magazine's team of editors and writers said that the Model S "blew them all away."
Motor Trend Car of the Year. It's one of the automotive industry's highest honors. The group of Motor Trend judges and guest judges are, according to a Tesla press release, "considered among the savviest and toughest critics in the industry." Yet 2013 seemed to be an easy call for the judges. As far as Motor Trend can recall, this was the first time that every judge was in unanimous agreement.
A 99 rating from Consumer Reports. The Model S is "brimming with innovation," according to Consumer Reports. The Model S earned one of the highest scores in the history of the venerable publication's ratings, at 99 out of 100 possible points. An excerpt from its glowing review: "[A]s as you dip into the throttle, you experience a silent yet potent surge of power that will make many sports cars weep with envy."
The safest car ever tested. When the National Highway Traffic Safety Administration put the Model S to the test, the car shattered safety records. Here were just some of the highlights...MORE