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Tesla Motors Gains 2% on Potential Battery Boost

Tesla Motors (TSLA) has gained today after a report from Global Equities Research said the auto upstart’s battery life could be extended and raised its price target on the company.

Reuters

The report, written by Trip Chowdhry and team, noted that Tesla is working on a hybrid battery pack that could increase the car’s range by 40% and battery life by about 30%. The new battery should be available in the Model S by 2015, the report says. The potential impact:
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