Tesla Inc. (NASDAQ:TSLA) still defying shorts

Tesla Inc. (NASDAQ:TSLA) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $324.81, up by 0.53%, with a volume of 4,121,612 shares against an average volume for the last 30 days of 6,507,343.

Tesla Inc. (TSLA) reported last quarter earnings figures on May 03rd. The company announced actual earnings per share of $-1.33 against the consensus Street estimate of $-0.82. This represents a year-on-year decrease of earning per share of $-0.76 from corresponding quarter of last year. Tesla Inc. posted revenue of $2.7 billion.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Tesla Inc. (TSLA) reported last quarter earnings figures on May 03rd. The company announced actual earnings per share of $-1.33 against the consensus Street estimate of $-0.82. This represents a year-on-year decrease of earning per share of $-0.76 from corresponding quarter of last year. Tesla Inc. posted revenue of $2.7 billion.

The company is currently valued at $53.35 billion and closed the last trading session at $324.81. The stock has 50-day moving average of $287.71 and a 200-day moving average of $234.81.

Tesla Inc. (NASDAQ:TSLA) is currently trading 0.87% below its 52-week-high, 82.28% above its 52-week-low and in the range of $276.32-$327.66 over the past month. The 1-year range for the stock is $178.19-$327.66. Tesla Inc. (TSLA) has a price to book ratio of 10.68 versus Nasdaq average of 4.84. The company’s share price has outperformed the Nasdaq year to date by over 42.33%.

Stock Analyst Perspectives: Click here for a free Trend Analysis Report

There are currently twenty-four analysts that we track that cover TSLA. Of those twenty-four, nine have a buy rating, ten have a hold rating, and five have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $281.29 which represents a downside difference of -13.4% from the last closing price of $324.81.

Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $284.58 has been given to the stock, which represents a downside difference of -12.38% from the last closing price.

Indeed, Morgan Stanley downgraded their recommendation to Equalweight/Cautious on May 15th, with a target price of $305, which represents a downside difference of -6.1% from the last closing price. Another research firm, Cowen, maintained their underperform stance on May 12nd, with a target price of $155, which translates into a downside difference of -52.28%. Finally, Oppenheimer & Co maintained their market perform stance on May 04th.

Company Profile

Tesla 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.

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