Brokerage Firm Rating Update on Tesla Motors (TSLA)

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. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 3.13, which indicates as a Hold.

Tesla Motors (TSLA) stock is expected to deviate a maximum of $97.74 from the average target price of $245.92 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $500 and the most muted being $155.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Argus Research downgrades the rating on Tesla Motors (NASDAQ:TSLA). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 28, 2016.

Tesla Motors (NASDAQ:TSLA): stock was range-bound between the intraday low of $200.71 and the intraday high of $206.4968 after having opened at $205.5 on Wednesdays session. The stock finally closed in the red at $205.5, a loss of -0.55%. The stock remained in the red for the whole trading day. The total traded volume was 3,640,923 shares. The stock failed to cross $206.4968 in Wednesdays trading. The stocks closing price on Thursday was $202.83.

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.

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