Ever since Tesla Motors Inc (NASDAQ:TSLA) came out with its bumper second quarter earnings report, Tesla Motors Inc (NASDAQ:TSLA)’s shares have witnessed a strong upside. Now, adding fuel to the fire is the recent hype surrounding the company’s much awaited SUV, Model X.
StockTwits in an article on Yahoo! Finance mentioned how Tesla Motors Inc (NASDAQ:TSLA)’s stock is experiencing a continuous upside, after Morgan Stanley analyst Adam Jonas said in a note that the cool factor of Tesla Motors Inc (NASDAQ:TSLA)’s Model X gives it the potential to exceed the Model S in value and success.
The Model is not supposed to go into production till 2015, but Tesla Motors Inc (NASDAQ:TSLA) expects to have operational Alpha prototypes of the Model X, ready this week, which will be followed by Beta Prototypes later in the year.
Tesla Motors Inc (NASDAQ:TSLA) also revealed recently that, Robyn Denholm, Executive Vice President and CFO of Juniper Networks, will be joining its board of directors.
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