Tesla Motors
in an American company that provides services of designing, manufacturing and
selling electric cars. The company also sells electrical vehicle components. In
its ten years history, Tesla Company posted its profit in year 2013 for its
first quarter of the year. The company is used for trading on stock market as a
public company. The company works under the symbol of TSLA. The company gained
publicity for the first time with its production of Tesla Roadster that was a
sports car equipped with electric system for the first time. The company
markets electric components like electric battery for cars and automatic
machinery for vehicles.
Tesla Motors
Inc stock records, the company is under heavy selling pressure. In Feb 2014,
the company had an all time highest stock selling rate of $265. But after that
the Tesla Motors Inc Stock Prices had seen a steady decline. The average volume
of the company is getting extremely extended from last twenty days. Among the
loss 10% can be regained by production of new charged vehicles. This is why the
company is burdened with selling pressure to once again increase its stock
market price at least up to average. Tesla Motors Inc Stock Price
Today is $178.59 that is almost 2/3 of the last year’s stock rate. To get a
recharge in vehicles is good for pull back of the company. This strategy will
help to get attention of technical traders. The decided near term support for
this strategy is around $165.
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