Tesla Motors, Inc. (NASDAQ:TSLA) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The shares could manage an average rating of 3 from 15 analysts. As per the latest data, 2 analysts has given a sell rating on the shares of the company. 3 analysts rated it as strong sell. 3 market experts have marked it as a strong buy. 2 analysts recommended buying the shares. 5 analysts have rated the company at hold.
Tesla Motors, Inc. (NASDAQ:TSLA): According to 11 Analysts, The short term target price has been estimated at $ 281.82.The target price could deviate by a maximum of $ 94.35 from the forecast price. In the near term, the target price could hit a high of $ 450 and a low of $ 178.
Many analysts have commented on the company rating. In a research note released to the investors, Barclays downgrades its rating on Tesla Motors, Inc. (NASDAQ:TSLA). Investors must note that the brokerage house has a Underweight rating on the shares of the company. Previously, the company had a rating of Equal-weight. The Equity Firm lowers its price target from $ 190 per share to $ 180 per share. The rating by the firm was issued on October 9, 2015.
Tesla Motors, Inc. (NASDAQ:TSLA) witnessed a decline in the market cap on Tuesday as its shares dropped 6.61% or 15.07 points. After the session commenced at $ 227.72, the stock reached the higher end at $ 228.6 while it hit a low of $ 202. With the volume soaring to 14,900,047 shares, the last trade was called at $ 213.03. The company has a 52-week high of $ 286.65. The company has a market cap of $ 27,085 million and there are 127,142,147 shares in outstanding. The 52-week low of the share price is $ 181.4.
The company shares have dropped -3.08% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $ 286.65 and the one year low was seen on Mar 27, 2015. The 50-Day Moving Average price is $ 244.08 and the 200 Day Moving Average price is recorded at $ 245.35.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Technical Officer) of Tesla Motors Inc, Straubel Jeffrey B had sold 10,000 shares worth of $ 2,524,300 in a transaction dated September 15, 2015. In this transaction, 10,000 shares were sold at $ 252.43 per share.
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service network. The Company is engaged in commercially producing a federally-compliant electric vehicle, the Tesla Roadster. addition to developing its Model S and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers.
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