Tesla Shares Rise For The First Time In Three Sessions

By Claudia AssisMarketWatch Pulse

Shares of Tesla Motors Inc. on Thursday snapped a three-day losing streak that shaved more than 9% off the share price and took them to their lowest since June. Analysts from Pacific Crest and Deutsche Bank earlier this week downgraded Tesla's stock on concerns about valuations. Tesla has gained 17% so far this year, compared with gains of 0.4% for the S&P 500 Index . The stock has risen 24% in the past three months, versus a loss of 1.2% for the S&P. Shares rose 1.8%.

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