USA TODAY: Tesla Motors, which has seen its shares soar 619% in a year, has become the fastest growing automotive stock in at least two decades, a new analysis says.
Tesla shares stayed mostly flat in the first couple of years after its IPO, bouncing along below $35 a share. Then, they took off. Shares rocketed to $265 a share last month as the company predicted strong sales overseas and that it would sell 35,000 of its Model S electric cars this year, up 55% from 2013…
Much of the confidence in the stock surrounds CEO Elon Musk, the PayPal billionaire who also has made a success of the other company he runs, rocket firm SpaceX. Musk hopes he can beat the odds when it comes to automotive startups. Before him, John DeLorean, Preston Tucker and Henrik Fisker all tried and failed with automotive startups that carried their own names… (more)
