Tesla Motors (TSLA) has risen sharply, recording gains of 6.11% in the past 4 weeks. However, the stock has corrected -2.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Tesla Motors (NASDAQ:TSLA): The stock opened at $230.00 on Friday but the bulls could not build on the opening and the stock topped out at $232.00 for the day. The stock traded down to $227.40 during the day, due to lack of any buying support eventually closed down at $230.03 with a loss of -0.25% for the day. The stock had closed at $230.61 on the previous day. The total traded volume was 3,205,215 shares.
The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 4.57%. Tesla Motors, Inc. is up 7.03% in the last 3-month period. Year-to-Date the stock performance stands at -4.16%.
Tesla Motors (TSLA) : 13 investment research analysts covering Tesla Motors (TSLA) have an average price target of $242 for the near short term. The highest target price given by the Brokerage Firm to the stock is $500 and the lowest target is $155 for the short term. Analysts expect the variance to be within $96.92 of the average price.
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.