Short Term Trend Watch - Tesla, Inc. (TSLA)

Tesla Semi truck

Tesla Semi truck

They set a "neutral" rating and a $357.00 target price for the company. Evercore ISI's price objective would suggest a potential upside of 8.91% from the company's current price. 2,653,023 shares of the company traded hands. (NASDAQ:TSLA) from an in-line rating to an underperform rating in a research report released on Friday, October 27th. Analysts reported that the Price Target for Tesla Motors, Inc. might touch $500 high while the Average Price Target and Low price Target is $304.61 and $155 respectively. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 34.68%. Finally, Argus raised shares of Tesla from a "hold" rating to a "buy" rating and upped their price target for the company from $355.17 to $444.00 in a research report on Tuesday, August 8th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of "Hold" and a consensus price target of $330.44. (NASDAQ TSLA) remained flat at $$302.99 during trading on Monday. The company's stock had a trading volume of 4,625,400 shares, compared to its average volume of 6,399,418.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 26th. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts' consensus estimates of ($3.09) by $0.17. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion.

The extravagant claim was made on Twitter on November 12, as the billionaire entrepreneur appeared to be spending another night camping on the roof of his electric car company's battery facility, better known as the Gigafactory.

While fit and finish and build quality issues haven't strongly impacted the Tesla brand just yet, it's primarily because most Model S and Model X buyers tend to be early adopters who understand that not everything will immediately be perfect on a revolutionary vehicular platform. This trend is based on movement of 50 SMA and stock price is falling off the 50 SMA.

As for what the truck will look like beyond Musk's teaser, this past October someone on reddit shared an image of a truck on a transport vehicle somewhere in California.

Jefferies Group LLC downgraded shares of Tesla Inc. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the transaction, the vice president now owns 21,424 shares of the company's stock, valued at approximately $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eric Branderiz sold 99 shares of the stock in a transaction on Tuesday, September 5th.

Several institutional investors have recently added to or reduced their stakes in the company. During the same quarter in the prior year, the company earned ($0.58) EPS. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer's stock valued at $1,085,801,000 after acquiring an additional 124,511 shares during the period. Vanguard Group Inc. grew its position in shares of Tesla by 4.9% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock valued at $122,000 after purchasing an additional 9 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in Tesla by 2.3% during the second quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer's stock valued at $87,329,000 after purchasing an additional 137,318 shares during the last quarter. LLC grew its position in shares of Tesla by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer's stock valued at $115,000 after buying an additional 1,305 shares during the last quarter.

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