Tesla Motors Inc (NASDAQ:TSLA)’s shares rose as much as 5% and finished the day up 2.5 percent at $37.53 following co-founder Elon Musk, around an hour before the market close, tweet regarding a “really exciting” Tesla Motors declaration that entails a large investment on his part.
According to Twitter, Musk’s tweet was retweeted 449 times. While the share volume of Tesla 2.4M topped the 30-day average of 2M. As well, Tesla’s ticker was one of the most trending on ticker chat-room StockTwits.com, entailing that discourse about the shares flagged by the cash tag $TSLA was senior than normal. For the reason that of Musk’s past Silicon Valley successes (PayPal) and the product (electric cars), Tesla is a lightning rod for day-trader interest. As well speculation regarding Musk’s tipped investment, several of the chatter rotated on the appropriateness of Musk’s public comments.
Shares of Tesla Motors Inc (NASDAQ:TSLA) traded at $37.53 by increasing +2.48% with price volatility of 2.92% for a week and 3.48% for a month plus price volatility’s Average True Range for 14 days was 1.36.
Stocks after opening at $37.10 hit high price of $38.52 and on last session stock held volume of 2.37 million shares which was unexpectedly higher than its average volume of 2.02 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.97 as current ratio and on the opponent side the debt to equity ratio was 3.74 and long-term debt to equity ratio also remained 3.30. The Company had total cash at hand $201.89 million and a book value per share as $1.09 in the most recent quarter.
While investors who viewing TSLA against other stocks with the reference of profit margin that are Ford Motor Company (NYSE:F) having profit margin 4.22%, General Motors Company (NYSE:GM) with 2.99% profit margin, Kandi Technolgies Corp. (NASDAQ:KNDI) having 4.69% profit margin and Sorl Auto Parts, Inc. (NASDAQ:SORL) having profit margin of 6.67%.
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