Tesla Motors hits $200 a share

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

Shares of Tesla Motors (TSLA -0.1%) breached the $200 level in early trading before pulling back.

The latest batch of bullishness on the EV automaker centers on the ability for Tesla to grow sales in China if the Model S qualifies for China's electric car subsidies.

Yesterday, China extended EV incentives in a development that Tesla doesn't qualify for quite yet, although it sets up a favorable atmosphere for it.