Tesla Motors roundup: Shares range-bound, supercharger network, Oxen vs. Musk

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

Shares of Tesla Motors (TSLA +1.7%) stay close to the $140 level as sentiment stays positive on the company, but not enough to break through the tight range of the last week.

The EV automaker's map of Supercharger networks has grown to 39 in the U.S. to link more major cities. By most accounts, progress on the Superchargers is on pace with the company's projections.

On the bear front, Oxen Group maintains its stance that Tesla is at most a $100 stock. The investment firm says even if Tesla hits Porsche-like margins and grows sales to 90K per yer by 2017 that the current valuation is too high as demand hits a ceiling. The outlook runs counter to Elon Musk's comments that Tesla is supply-constrained and not demand-constrained, although he hasn't been clear at what production level the equation flips.