Shares of Tesla Motors (TSLA) Sees Large Outflow of Money

Tesla Motors (TSLA) : The total money flow in Tesla Motors (TSLA) was negative ($3.62 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $7.93 million. In comparison, the inflow of money into the stock on upticks was $4.31 million. The uptick to downtick ratio was 0.54. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $4.18 million. The negative money flow of ($4.18 million) confirms the selling in Tesla Motors (TSLA) on strength. Tesla Motors (TSLA) gained $0.07 at $214.51, a gain of 0.03% over the previous days close. However, the stock registered -0.92% in the week.


Tesla Motors (TSLA) : The most positive equity analysts on Tesla Motors (TSLA) expects the shares to touch $500, whereas, the least positive believes that the stock will trade at $120 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $239.08 with an expected fluctuation of $101.56 from the mean. The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 1.08%.

Tesla Motors (NASDAQ:TSLA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $213.10 and $213.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $218.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $215.94, notching a gain of 0.70% for the day. The total traded volume was 3,612,022 . The stock had closed at $214.44 on the previous day.

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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