Short Term Price Target on Tesla Motors (TSLA)

Tesla Motors (NASDAQ:TSLA) : The consensus price target for Tesla Motors (NASDAQ:TSLA) is $239.08 for the short term with a standard deviation of $101.56. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $500, however, the pessimist price target for the company is $120.

Shares of Tesla Motors, Inc. appreciated by 8.09% during the last five trading days but lost 3.32% on a 4-week basis. Tesla Motors, Inc. has dropped 10.65% during the last 3-month period . Year-to-Date the stock performance stands at -11.55%. Also, Equity Analysts at the Standpoint Research upgrades the rating on Tesla Motors (NASDAQ:TSLA). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on June 24, 2016.

Tesla Motors (NASDAQ:TSLA) : 16 analysts are covering Tesla Motors (NASDAQ:TSLA) and their average rating on the stock is 3.19, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Tesla Motors (NASDAQ:TSLA) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 4 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Tesla Motors (NASDAQ:TSLA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $212.97 and $209.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $213.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $212.28, notching a gain of 0.99% for the day. The total traded volume was 4,843,111 . The stock had closed at $210.19 on the previous day.

In an insider trading activity, The director, of Tesla Motors Inc, Musk Kimbal had unloaded 460 shares at $224.37 per share in a transaction on June 13, 2016. The total value of transaction was $103,210. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car, Supercharger charging stations and Powerwall, a home battery.

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