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Tesla Motors Inc. (TSLA) Has Risen To A New High On Strong Q2 Results

Tesla Motors Inc. (TSLA) reported second quarter non-GAAP EPS of $0.20 after the close Wednesday, up from $0.12 in the prior year period. The consensus estimate was for a loss of $0.17. Total revenue for the second quarter jumped to $405.14 million from $26.65 million in the same quarter last year. The consensus estimate was for revenue of $383.40 million.

Tesla Motors gapped open sharply higher Thursday and is now up 19.53 at $153.73. The stock has been gaining ground since late June and has set a new high for the year.

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