Tesla on temporary Model 3 production shutdown: Nothing to see here

Tesla Model 3 Crowned Best Selling EV in America

Citigroup started coverage on shares of Tesla in a report on Tuesday, February 13th. Jefferies Group now has $250.00 price target on the electric vehicle producer's stock.

TSLA has been the subject of several other reports. Finally, Nomura reiterated a buy rating and issued a $420.00 price target on shares of Tesla in a research report on Thursday, March 29th. UBS lifted their price objective on shares of Tesla to $365.00 and gave the company a "hold" rating in a report on Thursday, February 8th. Tesla presently has a consensus rating of "Hold" and a consensus target price of $304.44.

Shares of NASDAQ TSLA traded down $3.52 during mid-day trading on Monday, hitting $287.69. The stock therefore has above average level of market risk. Tesla has a one year low of $244.59 and a one year high of $389.61.

Tesla has held the media spotlight for the past month.

PROFITABILITY RATIOS: The company's net profit margin is -16.70%.

Coli outbreak infects nine in Pa.
Twenty-six (93%) of 28 people interviewed reported consuming romaine lettuce in the week before their illness started. Symptoms of E. coli O157 include diarrhea (sometimes bloody), and abdominal pain.

Wall Street Analysts suggested rating of 2.8. This is calculated by taking the current share price and dividing by the share price one month ago. The company's revenue for the quarter was up 43.9% on a year-over-year basis. On average, equities analysts anticipate that Tesla will post ($1.42) earnings per share for the current fiscal year.

Tesla's proposed return to profitability later this year will be good news for billionaire Musk, who won't be receiving another paycheck from Tesla until the company makes money.

683 Capital Management Llc, which manages about $566.08 million and $1.19B US Long portfolio, decreased its stake in Kkr & Co LP Del (NYSE:KKR) by 388,700 shares to 1.00 million shares, valued at $21.06 million in 2017Q4, according to the filing.

"Yes, excessive automation at Tesla was a mistake", Mr. Musk Tweeted Friday. The shares were purchased at an average price of $262.00 per share, for a total transaction of $25,000,040.00. After this sale, 1,386 common shares of TSLA are directly owned by the insider, with total stake valued at $416,271.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in Tesla by 20.9% during the fourth quarter. Bamco Inc. NY now owns 1,612,051 shares of the electric vehicle producer's stock worth $501,912,000 after purchasing an additional 10,040 shares during the last quarter. The company said earlier this month that production rose 40% from the prior quarter to 34,494 vehicles.

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