In a rare moment I'm watching CNBC today. ANAList said a big fall, but it's going to $400. Play it both ways!
Tesla received another boost to its growing reputation for quality, as Ford faltered in the latest auto industry report card from Consumer Reports.
Based on survey results from 1.1 million subscribers, the Consumer Reports Annual Auto Issue ranked Tesla's Model S the top overall pick. The ratings factor in quality, reliability and consumer satisfaction.
Meanwhile, Ford slipped to its lowest ranking by Consumer Reports since CEO Alan Mulally took the reins at the automaker in September 2006.
A score of 99 out of 100 made the Tesla Model S Consumer Reports' highest-rated model. It's also the best score a model has ever received from the magazine.
"Tesla is going up against established brands, and yet it is schooling them on how to make a high-tech car," Bartlett said. "It excels in all areas that we measure."
The ranking is the latest accolade for the company, which is expanding its sales and production. Last week, Tesla said it expects to sell at least 35,000 Model S vehicles in 2014. This week, it's expected to announce plans to build a "giga factory," which will dramatically increase production of lithium-ion battery cells and battery packs.
Within the next few weeks, CEO Elon Musk will go to China to deliver the country's first Model S.
"Tesla has proven they can go from nothing to building a highly regarded car right out of the gate," Bartlett said. "One would think they can continue to improve."
The "Top Pick" selection comes just hours after Morgan Stanley raised its price target for the company's shares to $320 from $153, sending its shares higher.
You mean no balls? I've been dealing with her for years. Didn't take long to put her on egnore along with her girlfriend Knobody
Shares of Tesla Motors are surging more than 16 percent Tuesday morning after a Wall Street analyst suggested the company could shake up the electric utility sector as well as the auto industry.
Analyst Adam Jonas of Morgan Stanley wrote in a note to investors that Tesla could nearly double its share of the global car market by 2028, and create a lucrative secondary business by building battery packs for energy storage.
Jonas raised his price target to $320 per share from $153. Tesla shares rose $36.15 to $253.80 in late-morning trading.
The Palo Alto, Calif., company is expected this week to formally announce the building of a "Gigafactory" with Panasonic and other partners. It would be the largest lithium-ion battery pack factory in the U.S.
Think again. When it flames out longs will take their profits....
New cars from 2020 onwards will have to emit no more than 95g of CO2 per kilometre, under deal hailed ‘as good deal’
Tesla 0 emmisions!
More $$$$ for Elon!