Company To Watch : Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors Inc (NASDAQ:TSLA) introduced Tesla Energy, a suite of batteries for homes, businesses, and utilities that aims to foster a clean energy ecosystem and helping wean the world off fossil fuels. The goal of the program is to move the electricity grid off of fossil fuels and towards renewable energy sources. Tesla is amplifying its efforts to accelerate the move away from fossil fuels to a sustainable energy future with Tesla batteries, enabling homes, business, and utilities to store sustainable and renewable energy to manage power demand, provide backup power and increase grid resilience. The company said it is already working with utilities and other renewable power partners around the world to deploy storage on the grid to improve resiliency and cleanliness of the grid as a whole.

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The company is expected to announce next quarter earnings on May 06, at consensus estimate of $-0.81. Tesla Motors Inc (TSLA) reported last quarter earnings on February 11. The Auto-Cars & Light Trucks company announced earnings per share of $-0.48 against a consensus Street estimate of $0.15, missing estimate by $0.63. This corresponds to an increase of $0.01 compared to the same quarter of the previous fiscal year.

Tesla Motors Inc (NASDAQ:TSLA) is currently trading 22.43% below its 52-week-high, 27.55% above its 52-week-low. The 12-months range for the stock is $177.22 – $291.42. Tesla Motors Inc (TSLA) has a price to book ratio of 31.2 versus Nasdaq average of 4.81. TSLA stock price has underperformed the Nasdaq by 2.6%. The Auto-Cars & Light Trucks company is currently valued at $28.43 billion and its share price closed the last trading session at $226.05. The stock has a 50-day moving average of $204.54 and a 200-day moving average of $215.77.

Tesla Motors Inc (TSLA) current short interest stands at 26.08 million shares. It has increased by 5% from the same period of last month. Around 27% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.46 million shares, the number of days required to cover the short positions stand at 4.8 days.

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There are currently twenty-two analysts that cover TSLA stock. Of those twenty-two, twelve have a Buy rating, seven have a Hold rating and three have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $251.45.

A recent analyst activity consisted of JP Morgan reiterating their Underweight stance on April 20. JP Morgan decreased price target from $175 to $165. This corresponds to a 27.01% downside from the last closing price. On the date of report, the stock closed at $205.27.

Another research firm was CLSA who downgraded their Outperform rating to Underperform on March 25. On the date of report, the stock closed at $194.3.

Company profile

Tesla Motors, Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The Company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.

Company To Watch : Tesla Motors Inc (NASDAQ:TSLA) was last modified: May 1st, 2015 by Pat Mayfield