Tesla rallies after top rating from Consumer Reports

Tesla Motors Inc. shares jumped on Thursday after the electric-car company’s Model S sedan scored 103 points out of a possible 100 in a Consumer Reports test. The consumer group said in its review that it had to “make changes to its scoring methodology to account for the car’s exceptionally strong performance.” Shares of Tesla climbed 6.9% to $240.40, poised for a third day of gains. The stock is up 8% year to date versus the S&P 500’s 4% decline.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply