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TSLA profit touches 380%!

posted Aug 11, 2013, 1:14 PM by Mohit Kumar
TSLA surged nearly 15% last week, yet again surpassing analyst projections in its earnings report! it came up with strong revenue of $405 million, far ahead of analyst expectations. The demand continues to exceed the supply, causing it to have a supply constrained sales level, up only around 5% from last quarter. While this concerns some analysts, we see the positive side of it. Out profit on this position is now 380%!

Leaving aside, the high valuation of the stock in a short time, the long term trends look positive. Its continuous effort on increasing Model S production along with their forthcoming models Model X and Gen3 looks exciting for its future. We continue to like TSLA!

Stay tuned for our next recommendation coming soon!

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