Tesla Motors (TSLA) has risen sharply, recording gains of 2.36% in the past 4 weeks. However, the stock has corrected -1.92% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 2.33%. Tesla Motors (NASDAQ:TSLA): stock turned positive on Friday. Though the stock opened at $225.41, the bulls momentum made the stock top out at $226.65 level for the day. The stock recorded a low of $224.04 and closed the trading day at $225.61, in the green by 0.31%. The total traded volume for the day was 1,813,540. The stock had closed at $224.91 in the previous days trading.
The company Insiders own 27.7% of Tesla Motors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.89% . Institutional Investors own 61.56% of Tesla Motors shares. During last six month period, the net percent change held by insiders has seen a change of -0.85%. Also, Equity Analysts at the Brokerage Firm, Argus Research, downgrades their rating on the shares of Tesla Motors (NASDAQ:TSLA). Argus Research has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 28, 2016.
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.