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Tesla Motors (Nasdaq: TSLA) Stock Up 8% Ahead of Earnings; Here's What to Watch

Best Investments 2014 - TSLA

Tesla Motors Inc. (Nasdaq: TSLA) has seen a meteoric rise of 410% since the start of 2013, and the electric automaker is set to announce its third-quarter earnings tomorrow (Tuesday) after market close. TSLA climbed 8% today to $175.18 ahead of the report.

Analysts predict earnings of $0.11 per share for the electric automobile manufacturer. The California-based company suffered an earnings loss of $0.92 per share in the third quarter of 2012.

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Stock Market Today: These Stocks Are Still on a Hot Streak

The major headlines in the stock market today include Europe putting a stop to the QE3 rally, another negative manufacturing report and a couple of stocks continuing to soar.

  • QE3 rally halted- After last week's Federal Reserve inspired surge where each U.S. market gained at least 2%, stocks opened lower Monday. The selling pressure might not last long though as investors are ready to profit off of the Fed's latest moves. "It looks like we need to take a small breather after the sizable rally that we've had," Randy Frederick, managing director of active trading and derivatives at Charles Schwab Corp., told Bloomberg News. "There's the potential for a small pull-back, but I think we will move back into the bull territory later in the week unless there's an unexpected negative news event."

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