The 3rd quarter of 2011 has been a good one for Tesla Motors. Its letter to its shareholders was quite upbeat with news that sales of Roadsters and Model S reservations were on the rise, development targets for its own vehicles and the Toyota Rav4EV are being met and its financial performance was better than expected. All this put the markets in a giddy mood and its stock shot up, hitting $32.41 at one point. Days later, it remains above $31 (as of this writing).
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