Zacks Investment Research downgraded Tesla Motors Inc (NASDAQ:TSLA) to Sell in a report released today.
- Updated: October 12, 2016
Yesterday Tesla Motors Inc (NASDAQ:TSLA) traded 0.70% higher at $200.10. TSLA’s 50-day average is $205.90 and its 200-day moving average is $221.27. The last stock close price is down -8.93% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,970,179 shares of TSLA traded hands, down from an average trading volume of 3,132,530
Zacks Investment Research has downgraded Tesla Motors Inc (NASDAQ:TSLA) to Sell in a statement released on Wednesday October 12, 2016.
Previously on 10/10/2016, Vetr Inc. reported on Tesla Motors Inc (NASDAQ:TSLA) bumped up the target price from $0.00 to $208.73 that suggested an upside of 0.06%.
Recent Performance Chart
Tesla Motors Inc has a 52 week low of $141.05 and a 52 week high of $269.34 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 analysts have released a research note on Tesla Motors Inc. The 12-month price target is $244.67 with four analysts rating the company a strong buy, five analysts rating the company a buy, five equity analysts rating the company a hold, six equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About 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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