Shares of Tesla Motors (TSLA +2.3%) trade higher with news that Toyota is de-emphasizing its...

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

Shares of Tesla Motors (TSLA +2.3%) trade higher with news that Toyota is de-emphasizing its pure electric vehicle program making for an interesting backdrop. Tesla isn't shy about stating its own conviction on the EV market and is in the midst of setting up retail stores across the U.S. At the moment it has the auto industry press on its side as more extensive reviews of the Model S come out with Wired's 4-day test drive concluding the vehicle's large battery and charging potential should keep "range anxiety" in check.