Can Tesla Motors Inc (TSLA) Continue Its Historic Run?

“What’s in store for 2014? It’s growth, growth and growth,” Tesla’s Vice President of Sales and Service Jerome Guillen said in January. “On the sales and service side, it’s reckless growth.”

Investors will also be looking for updates on the company’s Model X crossover SUV, which is expected to go on sale by the end of 2014. Many expected an unveiling of the vehicle at the 2014 Detroit auto show, but the company did not oblige.

Currently, the company only sells the Model S. Adding additional models to its portfolio will only help sales.

TSLA stock is by no means cheap at around $195, but it is rated favorably by analysts. According to Thomson/First Call, four analysts rate TSLA as a “strong buy,” four as a “buy,” five as a “hold,” and only one as an “underperform.” Currently, no analysts rate it as a “sell.”

If Tesla posts strong guidance figures in its earnings report next week, investors should expect more peak highs for TSLA stock.

Money MorningWritten By Kyle Anderson From Money Morning

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