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Jefferies announced Tesla (NASDAQ:TSLA), boosting its stock price target to $280.00 today

In a report released on Tuesday September 19, 2017 Jefferies increased the stock price target of Tesla (NASDAQ:TSLA) to $280.00 indicating a possible downside of -0.27%.

On 09/13/2017, Barclays released a statement on Tesla (NASDAQ:TSLA) upped the target price from $165.00 to $210.00 that suggested a downside of -0.42%.

Having a price of $385.00, Tesla (NASDAQ:TSLA) traded -2.29% lower on the day. With the last close up 15.71% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Tesla has recorded a 50-day average of $353.49 and a two hundred day average of $325.10. Volume of trade was down over the average, with 2,641,683 shares of TSLA changing hands under the typical 6,897,110

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Tesla has a 52 week low of $178.19 and a one year high of $389.61 TSLA’s total market value is presently $0.

In addition to Jefferies reporting its target price, a total of 12 brokers have issued a report on the stock. The consensus target price is $244.67 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 5 brokers rating the stock a hold, 6 brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Tesla (NASDAQ:TSLA)

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage. The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.

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