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Telsa Rallies Following Credit Suisse Comments

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Tesla Motors Inc (NASDAQ: TSLA) shares were trading higher by $10.75 at $229 in Wednesday's session. The catalyst is coming from Credit Suisse, who maintained there Outperform rating and $325 price target.

After a higher open, it fell back to $220.38 before resuming its rally. It reached $229.95 and retreated to the $229 area. This marks the highest level for the issue since it had a pair of highs at the $233 level on November 6 and 9.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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