This morning, shares of Tesla Motors (TSLA 3.36%) were sent skyward after the company announced it would be revising its previous sales estimates by moving them higher. The initial estimates were 4% lower than the actual results of 4700 units sold. Arguably the largest driver of shares had to be comments from Tesla that it will be fully profitable this quarter. In the video below Motley Fool analyst Blake Bos explains why these comments had such a large effect on shares today, what big picture items investors need to really watch in the long term, and why 2013 could be a pretty great year for Tesla investors.
Why Tesla Shares Are Skyrocketing
By Blake Bos – Apr 1, 2013 at 6:00PM
NASDAQ: TSLA
Tesla
Market Cap
$1.4T
Today's Change
(-3.36%) $15.10
Current Price
$433.88
Price as of October 24, 2025 at 3:58 PM ET
What's driving this surge for Tesla?
About the Author
A home grown Kansan and largely self taught investor. I wouldn't classify myself by any particular investing style, just opportunistic. My dream investment would have a greater than 10% free cash flow return on enterprise value and be growing at above industry average rates. Some of my favorite industries to watch right now are: alternative energy, manufacturing, agriculture, infrastructure, and media content production companies. Follow me on any of the social media websites below for the most important 3D printing industry developments and other great stories.