Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand.