Analyst Rating Update on Tesla Motors (TSLA)

Tesla Motors (TSLA) : 2 brokerage houses believe that Tesla Motors (TSLA) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tesla Motors (TSLA). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 3.24.

Tesla Motors (TSLA) : The consensus price target for Tesla Motors (TSLA) is $233.29 for the short term with a standard deviation of $98.66. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $500, however, the pessimist price target for the company is $120.

Company shares have received an average consensus rating of Hold for the current week Also, Argus Research downgrades their rating on the shares of Tesla Motors (NASDAQ:TSLA). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 28, 2016.


Tesla Motors (NASDAQ:TSLA): The stock opened at $227.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $229.70 for the day. The stock traded down to $224.21 during the day, due to lack of any buying support eventually closed down at $225.79 with a loss of -0.62% for the day. The stock had closed at $227.20 on the previous day. The total traded volume was 3,856,509 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.

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