Tesla (TSLA) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Tesla (NASDAQ: TSLA) recently:

  • 2/14/2018 – Tesla was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $330.54 price target on the stock.
  • 2/13/2018 – Tesla was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tesla incurred an adjusted loss of $3.04 per share in fourth-quarter 2017, narrower than the Zacks Consensus Estimate of a loss of $3.19. Revenues increased to $3.29 billion from $2.28 billion registered in fourth-quarter 2016. The figure came in lower than the Zacks Consensus Estimate of $3.30 billion. The company is making serious efforts to address Model 3 production bottlenecks and ramping up energy storage products. The company continues to target weekly Model 3 production rates of 2,500 by the end of first-quarter 2018 and 5,000 by the end of second-quarter 2018. Tesla is also focused on geographical expansions and acquisitions for growth. The company is also rapidly developing a network of superchargers. However, high research and development costs, low number of chargers and high requirement of capital expenditure are some headwinds.”
  • 2/13/2018 – Tesla was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/13/2018 – Tesla is now covered by analysts at Citigroup Inc. They set a “buy” rating and a $425.00 price target on the stock.
  • 2/12/2018 – Tesla was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $339.63 price target on the stock.
  • 2/9/2018 – Tesla was given a new $195.00 price target on by analysts at UBS Group AG. They now have a “sell” rating on the stock.
  • 2/8/2018 – Tesla had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $1.00 price target on the stock.
  • 2/8/2018 – Tesla was given a new $190.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “sell” rating on the stock.
  • 2/8/2018 – Tesla was given a new $205.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “sell” rating on the stock.
  • 2/8/2018 – Tesla was given a new $270.00 price target on by analysts at Nord/LB. They now have a “sell” rating on the stock.
  • 2/8/2018 – Tesla was given a new $265.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Tesla was given a new $379.00 price target on by analysts at Morgan Stanley. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Tesla was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/8/2018 – Tesla had its price target raised by analysts at UBS Group AG to $365.00. They now have a “hold” rating on the stock.
  • 2/8/2018 – Tesla had its price target raised by analysts at Dougherty & Co from $340.00 to $400.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Tesla was given a new $470.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
  • 2/8/2018 – Tesla was given a new $385.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 2/5/2018 – Tesla was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $336.07 price target on the stock.
  • 1/31/2018 – Tesla was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/30/2018 – Tesla was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $336.07 price target on the stock.
  • 1/24/2018 – Tesla was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/20/2018 – Tesla was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tesla announced Model 3 production delays twice leading to huge mismatch between actual number of reservation and delivery. 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.”
  • 1/19/2018 – Tesla had its “sell” rating reaffirmed by analysts at Cowen Inc.
  • 1/9/2018 – Tesla was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $331.97 price target on the stock.
  • 1/5/2018 – Tesla was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tesla’s incurred adjusted loss of $2.92 per share in third-quarter 2017, wider than the Zacks Consensus Estimate of a loss of $2.45. During the quarter, the company reported revenues of $2.98 billion, which came higher than both the Zacks Consensus Estimate and the prior-year quarter figure. 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. “
  • 1/4/2018 – Tesla had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $210.00 price target on the stock.
  • 1/4/2018 – Tesla had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 1/4/2018 – Tesla had its “buy” rating reaffirmed by analysts at Nomura. They now have a $500.00 price target on the stock.
  • 1/3/2018 – Tesla was given a new $155.00 price target on by analysts at Bank of America Corp. They now have a “sell” rating on the stock.
  • 1/3/2018 – Tesla was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $331.71 price target on the stock.
  • 12/31/2017 – Tesla was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/29/2017 – Tesla was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/27/2017 – Tesla had its “hold” rating reaffirmed by analysts at KeyCorp. They now have a $240.00 price target on the stock.
  • 12/26/2017 – Tesla was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $331.07 price target on the stock.
  • 12/21/2017 – Tesla had its “hold” rating reaffirmed by analysts at Tigress Financial.
  • 12/20/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $293.06 price target on the stock.

Shares of Tesla Inc (TSLA) opened at $322.31 on Thursday. The firm has a market cap of $54,170.00, a price-to-earnings ratio of -27.34 and a beta of 0.97. Tesla Inc has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.69) earnings per share. equities analysts expect that Tesla Inc will post -15.15 EPS for the current year.

In related news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now owns 154,589 shares in the company, valued at $48,244,135.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $312.61, for a total transaction of $384,197.69. Following the completion of the sale, the vice president now owns 4,808 shares in the company, valued at approximately $1,503,028.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is currently owned by company insiders.

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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