Other tech companies are targeting trucking, with firms like Uber investing in new freight initiatives that hope to upend the industry. Crestwood Advisors Group LLC acquired a new position in Tesla during the first quarter valued at approximately $101,000.
Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan, its first mass market electric auto. Accern also assigned news headlines about the electric vehicle producer an impact score of 45.0741436449583 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Macquarie Group Ltd. now owns 48,626 shares of the electric vehicle producer's stock valued at $10,391,000 after buying an additional 8,800 shares in the last quarter. Finally, Acropolis Investment Management LLC purchased a new position in shares of Tesla during the second quarter valued at about $122,000. The company's stock price has increased by 67 percent this year, and it is widely expected that bond investors will show the electric vehicle company the same amount of support. Tesla has a 52-week low of $178.19 and a 52-week high of $386.99.
Tesla Inc (NASDAQ TSLA) traded up 0.69% during mid-day trading on Friday, hitting $357.87. The stock has a 50 day moving average of $341.13 and a 200 day moving average of $307.07. The stock's market cap is $59.72 billion. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 26.74% and a negative net margin of 14.39%. Tesla's quarterly revenue was up 119.6% on a year-over-year basis. Equities research analysts expect that Tesla will post ($6.29) EPS for the current fiscal year.
WARNING: This article was first posted by BNB Daily and is the property of of BNB Daily. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark laws. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/12/tesla-inc-nasdaqtsla-receives-297-31-consensus-pt-from-brokerages-updated.html. (The) reiterated a sell rating and issued a $180.00 price target (down from $190.00) on shares of Tesla in a research report on Wednesday, July 5th.
The credit-rating firm argued that the capital intensive ramp-up in production of the Model 3 will leave Tesla facing "large cash requirements through 2018", particularly if sales figures fail to meet the company's lofty expectations. Bank of America Corporation dropped their price objective on shares of Tesla from $170.00 to $165.00 and set an underperform rating for the company in a research report on Wednesday, April 26th. Oppenheimer Holdings, Inc. reissued a "market perform" rating on shares of Tesla in a research report on Wednesday. Guggenheim upped their price target on shares of Tesla from $320.00 to $380.00 and gave the stock a buy rating in a research note on Monday, May 15th. (The) reaffirmed a sell rating on shares of Tesla in a research note on Thursday, April 6th.