Tesla Jumps as Stifel Projects Share Price to Reach $400
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Tesla Motors Inc. rose to a record high after a Stifel Nicolaus & Co. report cited the electric-car maker’s increasing production and said it may be worth $400 a share even before it starts making a lower-priced model.
Tesla advanced 5.3 percent today to $284.12, the highest closing price since the Palo Alto, California-based carmaker’s initial public offering in June 2010. The stock had previously closed at a record on Aug. 29, the most recent trading day.