Reuters: Global Markets: Tesla shares hit record after Deutsche Bank note

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Tesla shares hit record after Deutsche Bank note Sep 19th 2013, 15:49 NEW YORK | Thu Sep 19, 2013 11:49am EDT NEW YORK (Reuters) - Shares of Tesla Motors Inc (TSLA.O) hit a record high on Thursday, boosted in part by an upbeat note from analysts at Deutsche Bank. Shares of the electric car maker hit $177.92 and were recently up 6.3 percent at $176.63. Deutsche Bank raised its target price on the stock to $200 from $160 and said it expects Tesla to modestly outperform third-quarter margin expectations. Tesla shares are up more than 420 percent so far this year.

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