Thomson ReutersAttendees take pictures of the new Tesla Energy Powerwall Home Battery during an event at Tesla Motors in Hawthorne, California(Reuters) – Tesla Motors Inc is just not feeling the love from Wall Street, with UBS on Tuesday becoming the third investment bank this month to downgrade the electric sports-car maker’s stock.
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In other Tesla Motors news, VP Jerome M. Guillen sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. The disclosure for this sale can be found here.
Over the last 6 months, Tesla Motors Inc NASDAQ:TSLA has seen 0 insider buys, and 8 insider selling transactions. Stocks trading more than 5% below a buy point are in sell territory. Analysts at Robert W. Baird downgraded shares of Tesla Motors from an accumulate rating to a buy rating and set a $335.00 price target on the stock in a research note on Wednesday, July 8th. The stock has a 50-day moving average of $261.56 and a 200-day moving average of $225.00.
According to Thomson/First Call data services, which tracks broker recommendations, there has never been a sell-rating issued on Tesla. Tesla Motors Inc has a 52 week low of $181.40 and a 52 week high of $291.42. The company has a market cap of $33,721 million and there are 126,404,000 shares in outstanding. The analyst reiterated an Overweight rating with a price objective of $385 on Tesla stock. The electric vehicle producer reported ($0.36) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.49) by $0.13. Tesla Motors now has an average rating of “Hold” and an average target price of $281.76. The company had revenue of $939.88 billion for the quarter, compared to the consensus estimate of $1.04 billion. They noted that the move was a valuation call. Looking further ahead, analysts have a long-term growth earnings per share estimate of $N/A on the stock. Tesla Motors, Inc.is up 37.51% in the last 3-month period. Now the projections range from $178 to $400 with the average sitting at $282.642. This number is based on a simplified ratings scale of 1-5 where 1 represents a Strong Buy and 5 a Strong Sell.
Tesla Motors Inc are listed in the Capital Goods sector within NASDAQ.
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The Model S owners do not require worrying about the mile range, as the company has also introduced a 90 kilowatt-hour (KWh) battery pack, which will provide 15 additional miles at 65 Mph speed. In addition, new releases of Tesla such as the Model X and the SUV are lined up which can increase the production load and bring risks on product deliveries. The Company offers financial products through various financial institutions in the United States, Europe, and Asia.
