tesla model s

Tesla Motors’ Model S

Market analysts are upgrading stock target prices this week for Tesla Motors as better than expected sales are being reported.  Shares were up eight dollars on Monday, peaking at $116 per share.

Tesla’s luxury sports vehicle, the Model S, currently has 9% of market share in its segment, and competing with big brand luxury cars, despite Tesla cars being 100% electric.  This type of growth is unheard of in the motor industry, especially for a company that only started selling cars one year ago.  The company was started by technology entrepreneur and visionary Elon Musk.

To learn more about Elon Musk, head on over to his full profile.