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Vetr Inc. covered Tesla Motors Inc (NASDAQ:TSLA), hiking its price target to $211.43 today

Just yesterday Tesla Motors Inc (NASDAQ:TSLA) traded -1.86% lower at $200.95. Tesla Motors Inc’s 50-day moving average is $203.90 and its 200-day moving average is $220.74. The last closing price is down -10.98% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,269,850 shares of TSLA traded hands, up from an average trading volume of 3,100,770

Tesla Motors Inc (NASDAQ:TSLA) had its price target upped to $211.43 by Vetr Inc. in a report issued Wednesday October 12, 2016. The bumped up target suggests a possible upside of 0.05% from the company's previous closing price.

Previously on 10/10/2016, Vetr Inc. reported on Tesla Motors Inc (NASDAQ:TSLA) increased the target price from $0.00 to $208.73. At the time, this indicated a possible upside of 0.06%.

Recent Performance Chart

Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors Inc has 52 week low of $141.05 and a 52 week high of $269.34 and has a market capitalization of $0.

In addition to Vetr Inc. reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target 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 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. Its energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Company delivers energy storage products under the Tesla Energy brand. It manufactures its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. The Company uses battery packs manufactured at the Gigafactory for its energy storage products.

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