Goldman Says Tesla Stock Could Still Tumble 25%

Model X in a Tesla store

Model X in a Tesla store

Tesla Motors, Inc. got Upgrade on 19-Jan-17 where investment firm Morgan Stanley Upgrade the stock from Equal-Weight to Overweight. Deutsche Bank AG reiterated a hold rating and set a $215.00 target price (down from $290.00) on shares of Tesla Motors in a research note on Tuesday, December 13th. Tesla Motors, Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0.

In Tesla, Inc. (NASDAQ:TSLA)'s latest quarter, EPS moved to $-0.69 from $0.71 in preceding quarter and revenues reached at $2,284.63M compared to $2,298.35M.

Over the past five trading sessions shares of Coach, Inc.

The Russell 2000 index, composed of companies with a small market capitalisation, began the day in a more positive mood, rising 0.4 per cent to 1,400, with Gogo Inc, a provider of in-flight internet services for aircraft, one of the leading performers, rising 16 per cent to $10.58.

Tesla now two premium cars, the Model S and Model X, and produces roughly 80,000 vehicles per year.

Tesla recently announced fourth-quarter and full-year financial results that dampened investor enthusiasm for the company.

Shares of Tesla TSLA.O dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan. Return on Equity (ROE) stands at -48.2% and Return on Investment (ROI) of -16.5 percent.

In case of Revenue Estimates, 15 analysts have provided their consensus Average Revenue Estimates for Tesla Motors, 2.39 Billion.

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Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion.

Another insider trade includes Director Gracias (Antonio J) who also initiated a transaction in which 1300 shares were traded on 5 Feb 2017 as "Sell". The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey B. Straubel sold 33,430 shares of the firm's stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $254.37, for a total value of $1,424,472.00. The disclosure for this sale can be found here. 3,619,739 shares of the company's stock were exchanged.

Hedge funds have recently made changes to their positions in the stock.

Only a few weeks ago, Tesla did away with the word "Motors" in its name to go ahead with only the Tesla name. The fund owned 20,120 shares of the electric vehicle producer's stock after buying an additional 18,193 shares during the period. The number of shares now owned by investors are 280.1 mln. Following the sale, the director now owns 166,846 shares of the company's stock, valued at $35,521,513.40. Finally, Cable Hill Partners LLC raised its stake in Tesla Motors by 36.1% in the third quarter. Parallel Advisors LLC acquired a new stake in Tesla Motors during the fourth quarter valued at about $104,000. In 2018, Tesla expects to produce 500,000 vehicles. Hedge funds and other institutional investors own 53.00% of the company's stock.

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells electric vehicles and energy storage products.

"To support accelerating vehicle deliveries and maintain our industry-leading customer satisfaction, we are expanding our retail, Supercharger, and service functions", Tesla added.

Elon Musk, Tesla's chairman, has promised to deliver between 100,000 and 200,000 Model 3s to the market in the second half of 2017.

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