Tesla Motors Inc. (Nasdaq: TSLA) stock rebounded from March losses today when it reached a two-week high of $235.73 in early trading. The stock has since pared its gains, but is trading up almost 9% on the week.
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- Where to Buy a Tesla - and Where Tesla Sales Are Banned
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Top stock market news today, April 3, 2014: The Dow Jones Industrial Average was up 40.39 points yesterday to finish at 16,573.00. The Nasdaq increased 8.42 points, finishing at 4,276.46, while the S&P 500 climbed 5.38 points to finish at 1,890.90. The S&P 500 touched another record yesterday on positive economic data. February factory orders increased, while private-sector hiring in March increased to its fastest rate in three months.
Stock futures were up this morning, following news that China will likely increase stimulus efforts in the coming months in order to support its 7.5% targeted growth rate.
If you're like most investors, you're probably feeling a bit frantic as this sell-off has pared your winnings.
Indeed, a lot of folks are probably thinking about cashing out and heading for the sidelines.
But I take a very different view of this kind of turmoil.
When Tesla Motors Inc. (Nasdaq: TSLA) first announced its plans for the "Gigafactory," the company listed four states as possible homes for the world's largest lithium-ion battery factory: Arizona, Texas, Nevada, and New Mexico.
Electric car enthusiasts wondering where to buy a Tesla Motors Inc. (Nasdaq: TSLA) Model S sedan can cross another state off their list of locations.
The state of New Jersey announced last week that automakers will no longer be allowed to sell vehicles directly to customers. That brings the list of states that have banned direct Tesla sales to five: Arizona, Maryland, New Jersey, Texas, and Virginia.
If you live in New Jersey and want to purchase a Tesla Motors Inc. (Nasdaq: TSLA) signature Model S, you have until March 31 to do so.
Tesla announced yesterday (Tuesday) that as of April 1 it will no longer sell its vehicles in New Jersey, following the New Jersey Motor Vehicle Commission's ruling that automakers must sell their vehicles through auto dealerships.
Tesla Motors Inc. (Nasdaq: TSLA) stock is up 622% in the last year and 66% in 2014. TSLA hit another all-time high last week following the announcement of the Tesla Gigafactory, which could revolutionize the lithium ion battery market.
Trading around $250 per share, investors are wondering what to do with Tesla stock.
Tesla stock jumped higher after the innovative automaker posted strong on earnings last night. But that wasn't the only reason that investors are excited. The company also delivered a tantalizing outlook for the coming year.
Today (Tuesday), Money Morning Defense & Tech Specialist Michael A. Robinson appeared on FOX Business' "Varney & Co." to discuss whether the most interesting companies of 2013 will make for next year's best investments.