Published: Sat, January 21, 2017
Science | By Boyd Webster

Tesla's Gigafactory To Build Motor For Model 3, Gets $350 Million Upgrade

Tesla's Gigafactory To Build Motor For Model 3, Gets $350 Million Upgrade

Receive Tesla Motors Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc with MarketBeat.com's FREE daily email newsletter. (NASDAQ:TSLA). These ratios are important while doing valuation of the company or the shares of the company. Downgraded the stock to Neutral from Buy.

Sell side analysts that regularly cover the stock have provided price targets and recommendations on Tesla Motors, Inc. The consensus recommendation provided by analysts is now 2.90. The last trading session volume compares with the 4.67M average and market worth floats around 37.92B.

The upcoming Model 3 by Tesla has already gotten a huge demand for being the most affordable EV by the company.

Removing the performance credential also confers a second benefit: a lower price tag. For the next quarter the company has anticipated average revenues of $2.19B, according to the sentiments of 8 analysts. The current share price indicate that stock is -15.27% away from its one year high and is moving 83.88% ahead of its one year low. The electronics maker has placed automotive applications at the center of a growth strategy that targets corporate clients at the expense of low-margin consumer goods, where low-cost Asian rivals have diminished the dominance of Japanese firms. Analyst's mean target price for Monday is $119.81 while analysts mean recommendation is 2.20. USA auto safety regulators declared that they found no evidence of defects in a Tesla Motors Inc (TSLA) vehicle involved in the death of a man whose Model S collided with a truck while he was using its Autopilot system. The company had Year Ago Sales of 1.75 Billion. The Company Touched its 52-Week High on April 7, 2016 and 52-Week Low on Feb 9, 2016.

From performance standpoint, The stock has recorded a 20-day Moving Average of 8.23% and the 50-Day Moving Average is 18.02%.The 200 Day SMA reached 11.17% Shares of Tesla Motors, Inc. rose by 3.69% in the last five trading days and 20.64% for the last 4 weeks.

The Company has 155.56 million shares outstanding and 129.00 million shares were floated in market. Company shares have been recently noted at -9.50% off of the 52 week high and 72.82% away from the 52 week low. The stock has gain 14 percent since the beginning of this year.

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