Tesla Motors Rallies $9 Plus Off Low

Tesla Motors

shares are trading higher by $3 at $196.15 in Monday's session. The issue has traded lower in every session since it announced its intention to purchase Solar City

. Over that time period it has fallen from June 21 close ($219.61) to $187.67 earlier in today's session. That low marks the lowest level for the issue since it bottomed at $184.22 on March 3. It appears to how found some intraday resistance just ahead of the Thursday's high ($197.55) as $197.28 stands as the current high.