Tesla Motors (TSLA) Approved for Pennsylvania Expansion

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Tesla Motors (TSLA) Hits Session Lows

July 2, 2014 1:06 PM EDT

Tesla Motors (NASDAQ: TSLA) stock hit session lows just after mid-day Wednesday, down over 3%. The stock gave up ground after topping $244 per share on June 30th. Tesla's all time high of $265 was hit on February 16th of this year. As usual, many investors struggle to understand the stock's rich valuation.

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