Tesla Motors Chugs Higher After Q1 Beat

'' Tesla Motors

share are trading higher by $5.67 at $245.16 in Tuesday's session. The post-earnings move in the issue is decidedly to the upside. Although the initial reaction to their Q1 earnings report with better-than-expected EPS (($0.36) vs. (($0.50) and revenue ($1.10B Vvs. 1.04B) was mixed. After trading lower and testing the major support at the $220 level, it rallied to end the session at $236.80. Two days later it is nearly $10 higher with the current intraday high at $246.35. That is just shy of its November 28 high of $246.69. The all time high was made in November at $291.42.