Telsa Motors Rallies Off Price Target Increase At Credit Suisse

Tesla Motors Inc.

shares are trading higher by $10.75 at $229 in Wednesday's session. The catalyst is coming from Credit Suisse,who maintained there Outproduce rating and substantially increased their price target from $218.25 to $325. After a higher open, it fell back to $220.38 before resuming its rally. So far it has reached $229.95 and retreated to the $229 area. This marks the highest level for the issue, since it had a pair at the $233 level on November 6 and 9.

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