Several brokerages have updated their recommendations and price targets on shares of Tesla (NASDAQ: TSLA) in the last few weeks:

  • 12/5/2017 – Tesla was downgraded by analysts at Cann from a “hold” rating to a “sell” rating.
  • 12/5/2017 – Tesla was downgraded by analysts at Cascend Securities from a “hold” rating to a “sell” rating. They now have a $250.00 price target on the stock.
  • 11/29/2017 – Tesla had its “buy” rating reaffirmed by analysts at Global Equities Research. They now have a $485.00 price target on the stock.
  • 11/28/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $296.44 price target on the stock.
  • 11/20/2017 – Tesla was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $272.81 price target on the stock.
  • 11/16/2017 – Tesla had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/15/2017 – Tesla had its “hold” rating reaffirmed by analysts at Citigroup Inc.. They now have a $367.00 price target on the stock.
  • 11/13/2017 – Tesla was given a new $265.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 11/10/2017 – Tesla had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 11/3/2017 – Tesla had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $362.00 price target on the stock.
  • 11/2/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $282.88 price target on the stock.
  • 11/2/2017 – Tesla had its “hold” rating reaffirmed by analysts at Citigroup Inc.. They now have a $371.00 price target on the stock.
  • 11/2/2017 – Tesla had its price target lowered by analysts at Deutsche Bank AG from $320.00 to $310.00. They now have a “hold” rating on the stock.
  • 11/2/2017 – Tesla had its “underweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $185.00 price target on the stock.
  • 11/2/2017 – Tesla had its price target lowered by analysts at Royal Bank Of Canada from $345.00 to $340.00. They now have a “sector perform” rating on the stock.
  • 10/31/2017 – Tesla had its “buy” rating reaffirmed by analysts at Nomura. They now have a $500.00 price target on the stock.
  • 10/29/2017 – Tesla had its price target lowered by analysts at Evercore ISI from $330.00 to $312.00. They now have an “outperform” rating on the stock. They wrote, “important piece” of the bullish, but a cautious view is now warranted, Galliers wrote in the downgrade note. Specifically, it is clear that production of the Model 3 sedan in the third quarter was weaker than expected with 260 units produced as opposed to an original target of slightly more than 1,500 units.At this point, there is no indication of whether Tesla fixed whatever production issues it may have had. Investors may need to wait for clarity on the company’s third-quarter earnings report on Nov. 1, the analyst wrote. As a best-case scenario, Tesla’s management team would say that production of the Model 3 is an “S-Curve” and hasn’t changed substantially.However, a more likely scenario to play out would be Tesla’s management unable to have 100 percent visibility on the Model 3 ramp until it is able to produce more than one thousand cars a week — which is unlikely to happen until the end of November.”In the meantime, we urge caution on 3rd party interpretations of 20 second Instagram feeds from CEO Elon Musk,”
  • 10/27/2017 – Tesla was downgraded by analysts at Jefferies Group LLC from an “in-line” rating to an “underperform” rating. They now have a $240.00 price target on the stock, down previously from $312.00.
  • 10/27/2017 – Tesla had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $330.00 price target on the stock.
  • 10/25/2017 – Tesla had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $411.00 price target on the stock.
  • 10/23/2017 – Tesla was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $292.39 price target on the stock.
  • 10/20/2017 – Tesla had its price target lowered by analysts at J P Morgan Chase & Co from $200.00 to $195.00. They now have an “underweight” rating on the stock.
  • 10/18/2017 – Tesla was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “During third-quarter 2017, Tesla delivered 220 Model 3s and produced 260, missing the production target of 1,500. This indicates that production has not been as smooth as anticipated. Tesla attributed production bottlenecks for this slow production. The company caters to a niche market and has been recording losses over the last few years. Moreover, the company is facing supply chain problems which are restricting its ability to increase production. High research and development costs, low number of chargers, high requirement of capital expenditure and opposition to direct selling in some states are other headwinds. During third-quarter 2017, the company delivered 220 Model 3s and produced 260, missing the production target of 1,500. This indicates that production has not been as smooth as anticipated. Tesla attributed production bottlenecks for this slow production.”
  • 10/16/2017 – Tesla was given a new $386.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/16/2017 – Tesla had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 10/15/2017 – Tesla had its “sell” rating reaffirmed by analysts at Barclays PLC.
  • 10/13/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $320.97 price target on the stock.
  • 10/9/2017 – Tesla had its price target raised by analysts at Morgan Stanley from $317.00 to $379.00. They now have an “equal weight” rating on the stock.

Tesla Inc (NASDAQ TSLA) opened at $303.70 on Wednesday. Tesla Inc has a 12 month low of $182.68 and a 12 month high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue was up 29.9% compared to the same quarter last year. analysts predict that Tesla Inc will post -11.38 EPS for the current year.

In related news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total value of $748,301.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John Douglas Field sold 600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the transaction, the vice president now owns 21,424 shares in the company, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders sold a total of 10,188 shares of company stock worth $3,310,563 in the last 90 days. Company insiders own 23.10% of the company’s stock.

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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