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Goldman Sachs Maintains Sell on Tesla Inc (TSLA)

21 April 2017

On Thursday, Shares of Tesla Inc (NASDAQ:TSLA) gained 2.41% to $304.00. Goldman Sachs recently downgraded Tesla stock to sell and cut its price target as it sees Model 3 deliveries getting pushed to next year.

Tesla Inc. has two passenger cars in the auto market and at least three near production or under development. The fund owned 12,192 shares of the electric vehicle producer's stock after buying an additional 532 shares during the period.

Many analysts previously expressed their concern around Autopilot 2 update, which gave the impression of Tesla being much ahead of the competition in the autonomous vehicle race. "With a projected sticker price of $35,000, that's more than 25% of the total cost of the auto". (TSLA) in which Barclays Reiterates Tesla Motors, Inc. The stock was sold at an average price of $286.28, for a total transaction of $715,700.00.

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04/06/2017 - Tesla Motors, Inc. had its "underweight" rating reiterated by analysts at Barclays. (TSLA) to Underweight by settling a price target of $165 on 4/06/17. Additionally, Morgan Stanley Upgrade its ratings on the stock to Overweight.

04/05/2017 - Tesla Motors, Inc. had its "sector weight" rating reiterated by analysts at Pacific Crest. As per Friday, July 8, the company rating was maintained by RBC Capital Markets. (TSLA) to Sell with a price target of $185. FBN Securities now has an outperform rating on the electric vehicle producer's stock. They now have a United States dollars 325 price target on the stock. Buy rating has been given by 1 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 13 analysts given HOLD rating.

Tesla Motors, Inc. (TSLA) is now showing its ROA (Return on Assets) of -4.8%. (NASDAQ:TSLA) was down -0.99% during the last trading session, with a day high of 309.15.

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For the upcoming quarter, initial predictions are anticipating that the company will post earnings of -$0.55 per share according to consensus of 16 analysts. The stock's 50-day moving average is $240.46 and its 200 day moving average is $212.88. Tesla's market capitalization at $277 per share (assuming 170M shares outstanding) is $50B.

An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. "But when/if electric drivetrains are proven viable in the first commercial vehicle segments, we think incumbents' valuations could fall rapidly thereafter". "We believe the Model 3 will have a more subdued launch curve than the company is targeting as some suppliers have expressed concern around final designs not being locked down". The Bank makes commercial real estate floating and fixed rate loans, multifamily and mixed use commercial loans primarily in the boroughs of New York City, commercial and industrial loans to manufacturers, wholesalers, distributors, developers/contractors and retailers and agricultural loans.

Tesla defended the lawsuit by claiming that the lawsuit misrepresents many facts related to the vehicle and its features this is just a hypocritical attempt to hamper their image and make a little money out of it.

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Goldman Sachs Maintains Sell on Tesla Inc (TSLA)