Tesla Shares Are Surging
Aug 8, 2013, 19:57 IST
Tesla is up 15% to $154.81 today. The stock surged after-hours on Wednesday after Tesla's Q2 earnings report beat expectations.
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The company reported Q2 profit of $0.20 per share, on revenue of $405 million. This beat expectations for a loss of $0.19 per share, on revenue of $387.9 million.
Goldman Sach's Patrick Archambault has since raised his six-month price target to $95 from $84. But he thinks at today's price, the stock is expensive, even in their most optimistic scenario.
Here's a look at Tesla's five day chart, which shows the surge in the stock today:
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