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PHOTO CAPTION: Tesla Model X on display in Detroit.

Will Model X Send Tesla's Stock Price Even Higher?

Q4 2013 share prices exceeded expectations by 20 percent, helping return TSLA into the $170 range.

Published: 21-Jan-2014

The Tesla stock price has been rising rapidly lately, with TSLA currently standing right around $170, which means it’s up almost four percent for the day.

As previously reported by The Inquisitr, a Tesla Model S recall threatened the Tesla stock price but Elon Musk managed to shoot down any rumblings over those issues.

Fourth quarter sales of the Tesla Model S beat expectations by 20 percent, selling 6,900 vehicles which was a 25 percent improvement over even the last quarter. Robert W. Baird analyst Ben Kallo upgraded the stock to “Outperform,” saying the target price for the Tesla stock is $187.

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