Tesla Inc. (TSLA) Stock Rating Reaffirmed by Guggenheim

Eloi Lecerf
Agosto 13, 2017

Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer's stock valued at $108,000 after buying an additional 50 shares in the last quarter.

According to the newly released Moody's report, people in the US bought almost 13,900 Model S vehicles from January till June this year.

Several other analysts also recently commented on TSLA.

Although the Model Y will sit underneath the Model X in Tesla's range as its second and smallest SUV, it would make sense for the manufacturer to market the Model Y as a Model 3 crossover rather than a smaller Model X, especially when the latest news from Musk is taken into account. SRS Capital Advisors Inc. raised its position in Tesla by 1,213.3% in the first quarter.

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Tesla filed a lawsuit against the state of MI previous year claiming its ban on direct sales is in violation of national commerce laws. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock valued at $122,000 after buying an additional 9 shares in the last quarter. Main Street Research LLC acquired a new stake in shares of Tesla during the second quarter worth $602,000. Aperio Group LLC's holdings in Tesla were worth $10,680,000 at the end of the most recent quarter. The company's stock price has increased by 67 percent this year, and it is widely expected that bond investors will show the electric auto company the same amount of support. 4,365,783 shares of the stock traded hands.

Additionally, "Tesla will also have to contend with what will likely be an accelerated competitive response from both auto OEMs as well as technology firms that are targeting the automotive mobility market", Moody's suggested.

Tesla Inc has 52 week low of $178.19 and a 52 week high of $386.99 and has a market cap of $0.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating the consensus estimate of ($2.00) by $0.67. The consensus target price is $244.67 with four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, six equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell. The firm's revenue for the quarter was up 119.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.06) EPS. On average, equities analysts forecast that Tesla Inc will post ($6.29) earnings per share for the current year. "(NASDAQ:TSLA) Position Raised by Sumitomo Life Insurance Co." was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright law. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/12/tesla-inc-nasdaqtsla-receives-297-31-consensus-pt-from-brokerages-updated.html. Finally, Zacks Investment Research upgraded shares of Tesla from a hold rating to a buy rating and set a $345.00 price target for the company in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. Baird reiterated an outperform rating and issued a $368.00 price target on shares of Tesla in a research report on Monday, April 17th. Berenberg Bank reissued a "buy" rating on shares of Tesla in a research report on Thursday, August 3rd. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating on the company. Tesla now has a consensus rating of "Hold" and an average price target of $309.70.

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