Martes, 16 Octubre, 2018

Jefferies Group LLC Lowers Tesla Inc. (NASDAQ:TSLA) to Underperform

Tesla Semi Truck Teaser Tesla released this teaser of its upcoming electric truck
Ramiro Mantilla | 15 Noviembre, 2017, 03:51

"I just want Tesla to get the Model 3 right, even if it takes them an extra six months", said Lawley, 53. Reilly Financial Advisors LLC raised its position in Tesla Motors by 92.9% in the third quarter.

The Model 3, though, is a mass market car and those forking over $35,000 for a brand new car - which will likely be their primary means of transportation - may not be as forgiving as Model S and Model X owners have been over the last few years. Vanguard Group Inc. increased its position in shares of Tesla by 4.9% during the 2nd quarter.

A number of hedge funds have recently modified their holdings of the stock.

As for what the truck will look like beyond Musk's teaser, this past October someone on reddit shared an image of a truck on a transport vehicle somewhere in California. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer's stock valued at $58,319,000 after purchasing an additional 159,005 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $52,108,000. During the same quarter in the prior year, the company earned ($0.58) EPS. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer's stock valued at $114,000 after buying an additional 95 shares during the last quarter. Insiders own 23.10% of the company's stock. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at approximately $6,461,478.40. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the transaction, the director now directly owns 158,584 shares of the company's stock, valued at $56,329,036.80. Also, Director Stephen T. Jurvetson sold 44,777 shares of the company's stock in a transaction on Tuesday, August 22nd. The Return on Equity (ROE) value stands at -28.8%.

Fuelling anxiety for some potential buyers is concern that the $7,500 US federal tax credit for electric vehicles won't still be available by the time their car is ready. "If you had a tug-of-war", he added, "the Tesla Semi will tug the diesel semi uphill".

Tesla Inc. has a 12 month low of $178.19 and a 12 month high of $389.61.

Shares of Tesla (TSLA) remained flat at $$302.99 during trading hours on Friday. They currently have $240.00 price target on the electric vehicle producer's stock, down from their previous price target of $312.00.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 26th. The electric vehicle producer reported ($2.92) earnings per share for the quarter, topping analysts' consensus estimates of ($3.09) by $0.17.

In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Tesla Motors, 3.31 Billion. Tesla's revenue was up 29.9% on a year-over-year basis. The difference between the expected and actual EPS was $-0.63/share, which represents an Earnings surprise of -27.5%. Finally, Vetr cut Tesla Motors from a "buy" rating to a "hold" rating and set a $216.16 price objective on the a research report on Monday, September 26th. Citigroup Inc. initiated coverage on Tesla in a report on Thursday, July 20th. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security. Morgan Stanley reaffirmed an "equal weight" rating and issued a $245.00 price objective on shares of Tesla Motors in a research report on Thursday, July 14th.

Jefferies Group LLC downgraded shares of Tesla Inc. (The) set a $180.00 price target on shares of Tesla and gave the company a sell rating in a research report on Friday, June 30th. The stock has weekly volatility of 2.35% and monthly volatility of 2.81%.

WARNING: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. The Company operates through two segments: Automotive, and Energy generation and storage.