Tesla (TSLA) Stock Rating Upgraded by Zacks Investment Research

Alfred Osborne
April 16, 2018

According to Zacks, "Tesla published its production figures for first-quarter 2018, which totaled 34,494 vehicles, up 40% sequentially". A shorter timeline is potentially feasible, the source said, as the Model Y will be built on the same platform as the Model 3.

Since launching last summer, the Model 3, which costs $35,000 for the base model and is touted as the first affordable electric auto, has been the subject of much analyst handwringing. It will ramp production by also producing the cars in China, from 2021.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. Tesla Inc (Put) now has $50.73 billion valuation. The firm has "Hold" rating by Morgan Stanley given on Friday, March 9. Citigroup has "Hold" rating and $347.0 target. Cowen & Co maintained the stock with "Sell" rating in Friday, January 19 report. The company maintains price to book ratio of N/A.

TSLA opened at $300.34 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.56. The price-to-sales ratio is a symbol of the value placed on each dollar of a company's sales or taxes.

18:44Three Policemen Injured in Clashes With Protesters in Yerevan
The protesters were encouraged to act by Armenian MP Nikol Pashinyan , leader of the opposition Civil Contract party. Sargsyan, whose party holds a majority in parliament, is set to be easily approved for the premiership on Tuesday.

Han and Chewie Meet in Newest Solo TV Spot
The video shows the acquaintance of the ex-pilot of the spaceship Millennium Falcon Han Solo Chewbacca and a flight engineer. You can read plenty more about Solo: A Star Wars Story when the new issue of Empire hits newsstands on Thursday 19 April.

Man tries to hijack plane in China using fountain pen
The Zhengzhou airport says it immediately activated emergency measures and that the airport is operating normally. Nobody was hurt in the incident and another plane was sent so the passengers could resume their journey.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 22nd. Horizon Kinetics LLC raised its stake in shares of Tesla by 0.8% in the fourth quarter. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. As of now, TSLA has a P/S, P/E and P/B values of 4.41, 0 and 11.93 respectively. In November of past year Telsa acquired Perbix, a company that makes automated manufacturing equipment. The insider Branderiz Eric sold 1,736 shares worth $589,355. Cetera Advsrs Ltd owns 4,435 shares. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Boston Management owns 24,532 shares. The disclosure for this sale can be found here. The stock, as of last close, traded 22.79% away to its 52 week low and was at a distance of -22.91% from its 52 week high.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

The recent analyst consensus rating clocked at 2.8 on the shares.

Tesla, Inc. (NASDAQ:TSLA) displayed a change of 1.59% after which it closed the day' session at $12.45. About 1.70M shares traded. Envestnet Asset accumulated 895 shares. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & global trademark and copyright law. Tesla, Inc. institutional proprietorship is held at 61.5% and beta stands at 1.1. The firm operates in two divisions, Automotive, and Energy Generation and Storage. It primarily offers sedans and sport utility vehicles.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER