Tesla’s (NASDAQ:TSLA) Stock Reissued a “Sell” Rating

Tesla’s (NASDAQ:TSLA) Stock Reissued a “Sell” Rating

Tesla’s (NASDAQ:TSLA) Stock Reissued a “Sell” Rating

$TSLA, $GM, $VLKAY

Tesla Inc. (NASDAQ:TSLA)’s stock had its “Sell” rating reissued by analysts at UBS AG in a report released Wednesday.

According to Balance Sheet of TSLA, total cash on most recent Quarter is 4.01-B.

“Bans of gas and diesel vehicles in Europe are on the distant horizon, and although US Federal tax credits may not be extended by the current administration, California has proposed its own incentive program that carries a lot of weight considering more than 50% of electric vehicles are sold there”.

Goodwin Daniel L’s holdings in Tesla were worth $542,000 at the end of the most recent Quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company.

Teachers Advisors LLC boosted its position in shares of Tesla by 9.8% in Q- of Y 2017.

Perigon Wealth Management LLC now owns 8,025/shares of the EV (electric vehicle) producer’s stock worth $2,233,000 after buying an additional 74 shares during the last Quarter.

Winfield Associates Inc. increased its position in shares of Tesla by 85.2% in Q-2 of Y 2017.

UBS Asset Management Americas Inc. now owns 290,524/shares of the EV producer’s stock worth $62,082,000 after buying an additional 25,012/shares during the last quarter.

World Asset Management Inc boosted its position in shares of Tesla by 5.3% in Q-2 of Y 2017.

Macquarie Group Ltd. now owns 48,626/shares of the EV producer’s stock valued at $10,391,000 after buying an additional 8,800/shares during Q-2 of Y 2017.

Garde Capital Inc. now owns 2,328/shares of the EV producer’s stock worth $497,000 after buying an additional 1,023/shares during the last Quarter.

Tesla is -1.33, while the analysts predicted the EPS of the stock to be -0.81 signaling the company fell short of analysts’ expectations.

The uncertainty of tax rebates is a huge concern for Tesla’s 373,000+ Model 3 reservation holders at $1,000 each that is refundable on demand.

Tesla will hand over the the Keys to the 1st few Model 3.s mainly to company employees at a launch party Friday evening as founder CEO Elon Musk plans to mark the occasion with a ceremony at the company’s plant in the City of Fremont, California.

Notably the cars are virtually hand made since the production line is not yet aligned correctly.

Success, if it is a success, with the Model 3 may ease investor concerns about the ability of Tesla to grow significantly, as anyone wanting one will have to wait at least until Y 2018.

Tesla produced only 83,000 vehicles in Y 2016, and speculators have drivine market cap to $55-B, more than that of General Motors (NYSE:GM), truly amazing.

Market Cap at 55-B can be thought of as the overall price to buy the company.

Tesla has a 52 week trading range of 178.19 – 386.99.

The company has a 50-Day MA of 349.29 and a 200-Day MA of 298.95.

Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, makes and sells fully EVs (electric vehicles), and energy storage systems, as well as installs, operates and maintains solar and energy storage products.

CEO Elon Musk’s vision aims to wean the industry off fossil fuels and ties in with his solar energy and other transportation investments, he has never met a production deadline.

The Big Q: Can Mr. Musk ramp up production to meet demand and whether rivals will cut into the tiny EV market.

The Big A: My call is No. And by Y 2021 Volkswagen AG (OTCMKT:VLKAY) will own the EV market.

The corporation operates through 2 segments: Automotive, and Energy generation and storage.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 335.07 28 July 2017 0.61 336.89 339.6 332.51 4,880,400
HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Neutral (-0.02) Neutral (-0.15) Neutral (-0.21) Bullish (0.31)

Have a terrific weekend

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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