Tesla Shares Rally Ahead Of Financial Results Announcement

Tesla Motors Inc. shares gained on Monday ahead of the electric-car maker's quarterly financial results announcement Tuesday afternoon. The company is projected to report a third-quarter loss of 60 cents a share on revenue of $1.24 billion. Investors are expected to look for additional details on mass production of its Model X, the SUV model, as well as price information. Shares of Tesla are up 4.2% to $215.65. For the year, the stock is down 3.2%.