Tesla Motors (TSLA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $500 and the lowest price target forecast is $120. The average forecast of all the analysts is $233.29 and the expected standard deviation is $98.66.
Tesla Motors (TSLA) reported a rise of 8.1% or 2,309,821 shares in its short interest. The short figure came in at 27.7% of the total floats. The average daily volume of 7,170,311 shares suggests that the days to cover 30,951,082 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 28,641,261 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Argus Research downgrades its rating on Tesla Motors (NASDAQ:TSLA). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 28, 2016.
Tesla Motors (NASDAQ:TSLA): On Thursdays trading session , Opening price of the stock was $223.12 with an intraday high of $224.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $221.05. However, the stock managed to close at $221.53, a loss of 0.45% for the day. On the previous day, the stock had closed at $222.53. The total traded volume of the day was 2,675,834 shares.
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.