Shares of Tesla Motors Inc (NASDAQ:TSLA) traded at a new 52-week high today of $40.00. So far today approximately 197,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Tesla Motors Inc (NASDAQ:TSLA) defies analysts with a current price ($39.92) 3.1% above its average consensus price target of $38.70. The stock should discover initial support at its 50-day moving average (MA) of $34.96 and subsequent support at its 200-day MA of $31.35.

Tesla Motors, Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The Company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.

In the past 52 weeks, shares of Tesla Motors Inc have traded between a low of $25.52 and a high of $40.00 and are now at $39.92, which is 56% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Tesla Motors Inc and will alert subscribers who have TSLA in their portfolio or watchlist when shares have changed trend direction.