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Tesla Inc. (NASDAQ:TSLA) Stock Rating Reaffirmed by Guggenheim

13 August 2017, 07:12 | Justin Tyler

Tesla Inc. (NASDAQ:TSLA) Stock Rating Reaffirmed by Guggenheim

Tesla has remained tight-lipped as to the purpose of the cameras and made no mention of the devices during the firm's launch of the Model 3 last week

The firm owned 2,985 shares of the electric vehicle producer's stock after buying an additional 126 shares during the period. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock valued at $118,000 after buying an additional 150 shares during the last quarter.

Tesla is now going all-in on the Model 3, as the company has continued to make moves related to the production and release of the mass-market electric vehicle. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer's stock valued at $20,707,000 after buying an additional 20,082 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of Tesla by 8.7% in the second quarter. Dimensional Fund Advisors LP increased its position in shares of Tesla by 1.5% in the second quarter.

Analysts expect Tesla Inc.

Tesla (NASDAQ TSLA) opened at 357.87 on Tuesday. The company had a trading volume of 4,365,783 shares. Tesla Inc. The company has a 50 day moving average of $341.13 and a 200-day moving average of $307.07. This will allow the firm to bring the Model Y to market much sooner than was originally anticipated, and will also slash R&D costs.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.67. The consensus target price is $244.67 with four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, six equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell. During the same quarter a year ago, the company earned ($1.06) earnings per share. Tesla's revenue was up 119.6% on a year-over-year basis. Equities analysts predict that Tesla Inc. will post ($6.29) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another site, it was stolen and republished in violation of US & worldwide copyright legislation. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/12/tesla-inc-nasdaqtsla-upgraded-at-vetr-inc-updated-updated-updated.html. Amazon, known for its drone initiative, is also researching self-driving tech, according to an earlier report from The Wall Street Journal. Guggenheim boosted their price target on Tesla from $320.00 to $380.00 and gave the company a "buy" rating in a research note on Monday, May 15th.

Tesla's bond will price later this week after several days of meetings with credit investors, who will weigh factors including the absence of a borrowing history, its lack of profit and its high cash-burn rate against its growth potential and its attractiveness as an environmentally-friendly "green" issuer.

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