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Tuesday, Aug 28
2012, 1:39 PM
Tesla Motors (TSLA +3.4%) bounces back after shares were rattled yesterday on early word that GM...
Tesla Motors (TSLA +3.4%) bounces back after shares were rattled yesterday on early word that GM was partially pulling the plug on its Chevrolet Volt production. Sentiment today could be influenced by a finalization by the Obama administration on new rules that will require cars and trucks to average 54.5 mpg starting in 2025. If the highly-debated reg sticks it's not a bad thing for Tesla as its Model S already sports a hard to match mix of power and fuel efficiency. The stats: An equivalent mpg rating of 89 and 0-to-60 mph acceleration of 4.4 seconds.