Tesla Motors (TSLA) : Analyst Rating Update

Tesla Motors (TSLA) has an average broker rating of 3.19, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 4 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Tesla Motors (TSLA) : The consensus price target for Tesla Motors (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.

Tesla Motors (NASDAQ:TSLA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $210.00 and $209.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $215.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $214.44, notching a gain of 0.21% for the day. The total traded volume was 4,919,855 . The stock had closed at $213.98 on the previous day.

Also, Argus Research downgrades its view on Tesla Motors (NASDAQ:TSLA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 28, 2016. The company shares have dropped -16.07% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $215.69 and the 200 Day Moving Average price is recorded at $213.92.

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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