Tesla Motors (TSLA) : Zacks Investment Research ranks Tesla Motors (TSLA) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 4 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 3.25, which indicates as a Hold.
Tesla Motors (TSLA) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $500 and the lowest price target forecast is $155. The average forecast of all the analysts is $235.08 and the expected standard deviation is $99.59.
Also, Cowen & Co. initiates coverage on Tesla Motors (NASDAQ:TSLA). The shares have now been rated Underperform by the stock experts at the ratings house. Cowen & Co. announces the current price target of $160 per share on Tesla Motors . The rating by the firm was issued on September 8, 2016.
Tesla Motors (NASDAQ:TSLA): After opening at $196.49, the stock dipped to an intraday low of $196.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $202.5193 and the buying power remained strong till the end. The stock closed at $200.42 for the day, a gain of 2.04% for the day session. The total traded volume was 3,085,115. The stocks close on the previous trading day was $196.41.
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.