Tesla Motors Inc (TSLA) Takes Off

tesla motorsTesla Motors Inc  (NASDAQ:TSLA) has taken off this week.

The stock price soared 8.81 percent yesterday.

For the week overall, from close of trading Monday 6/9/14 to close of trading Monday 6/16/14, TSLA rose 9.40 percent, doing far better than the Dow, which dropped 0.96 percent, Nasdaq, which dropped 0.35 percent, and the S&P 500, which dropped 0.69 percent during that time period.

And TSLA continues to rise. Today (June 17, 2014) it rose an additional 3.90 percent as of 3:30 p.m.

The big news from Tesla this week is that the company said it plans to share its patented technology with the world.

CEO Elon Musk made the announcement on Thursday, June 12, 2014, on the Tesla blog, writing that he was making the move “in the spirit of the open source movement” for the sake of “the advancement of electric vehicle technology.”

Musk’s blog post was humorously titled “All Our Patent Are Belong To You,” a take-off on the popular “All your base are belong to us” meme.

“Our true competition,” Musk wrote, “is not the small trickle of non-Tesla electric cars being produced, but rather the enormous flood of gasoline cars pouring out of the world’s factories every day.

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