Is Tesla (NASDAQ:TSLA) a Stock to Watch Now That Wolfe Research Has Begun Covering It?

October 2, 2018 - By Richard Conner

Tesla, Inc. (NASDAQ:TSLA) Logo

Investors sentiment decreased to 0.85 in Q2 2018. Its down 0.07, from 0.92 in 2018Q1. It worsened, as 109 investors sold Tesla, Inc. shares while 180 reduced holdings. 100 funds opened positions while 146 raised stakes. 94.54 million shares or 6.02% less from 100.60 million shares in 2018Q1 were reported.

Patten Gp Inc holds 0.01% or 100 shares. Cap Ww reported 0.45% stake. Legal General Gru Public Limited Co holds 500,223 shares or 0.13% of its portfolio. Tarbox Family Office invested in 0% or 9 shares. Northeast Investment invested in 649 shares or 0.02% of the stock. Everett Harris And Ca holds 690 shares or 0.01% of its portfolio. Ashfield Capital Prtnrs Limited Company, California-based fund reported 2,690 shares. Destination Wealth Mngmt invested in 0% or 200 shares. Veritable L P holds 2,276 shares or 0.02% of its portfolio. Scotia Capital Incorporated invested 0.02% in Tesla, Inc. (NASDAQ:TSLA). Sg Americas Securities Ltd Liability Com holds 0.59% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 190,942 shares. Motley Fool Asset Mngmt Ltd Liability Corporation holds 1,902 shares or 0.09% of its portfolio. Credit Agricole S A owns 0.12% invested in Tesla, Inc. (NASDAQ:TSLA) for 5,000 shares. Goldman Sachs Grp stated it has 0.09% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Hanson And Doremus Investment Mgmt holds 0% or 2 shares in its portfolio.

Since April 5, 2018, it had 2 insider buys, and 2 selling transactions for $33.02 million activity. Musk Elon bought $9.85M worth of stock or 33,000 shares. Musk Kimbal sold 1,875 shares worth $671,736.

How Wolfe Research Currently Rates Tesla (NASDAQ:TSLA)

Stock research analysts at Wolfe Research initiated coverage Tesla (NASDAQ:TSLA) shares in a report revealed to clients and investors on Tuesday morning, IR.net reports. The firm has set a Peer Perform rating on TSLA stock.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 20 analysts covering Tesla Motors (NASDAQ:TSLA), 6 have Buy rating, 7 Sell and 7 Hold. Therefore 30% are positive. Tesla Motors has $50000 highest and $84 lowest target. $293.81’s average target is -3.19% below currents $303.4866 stock price. Tesla Motors had 43 analyst reports since April 4, 2018 according to SRatingsIntel. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Buy” rating given on Wednesday, May 30 by Robert W. Baird. The stock has “Sell” rating by UBS on Thursday, April 19. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 16. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, April 18 report. As per Wednesday, June 6, the company rating was maintained by Robert W. Baird. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Sell” rating given on Thursday, May 3 by UBS. Guggenheim maintained Tesla, Inc. (NASDAQ:TSLA) on Tuesday, May 29 with “Buy” rating. The stock has “Buy” rating by Telsey Advisory on Monday, May 21. On Friday, September 28 the stock rating was downgraded by Citigroup to “Sell”. KeyBanc Capital Markets maintained Tesla, Inc. (NASDAQ:TSLA) on Wednesday, April 18 with “Hold” rating.

The stock decreased 2.32% or $7.2134 during the last trading session, reaching $303.4866. About 4.67M shares traded. Tesla, Inc. (NASDAQ:TSLA) has declined 19.91% since October 2, 2017 and is downtrending. It has underperformed by 35.53% the S&P500.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on November, 7. They expect $-1.77 earnings per share, up 50.70 % or $1.82 from last year’s $-3.59 per share. After $-4.22 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts -58.06 % EPS growth.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company has market cap of $51.77 billion. The firm operates in two divisions, Automotive, and Energy Generation and Storage. It currently has negative earnings. It primarily offers sedans and sport utility vehicles.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on October 01, 2018, also Nasdaq.com with their article: “5 Top Stock Trades for Tuesday: Tesla and Nvidia Soar; IWM Tumbles” published on October 02, 2018, Seekingalpha.com published: “Can Tesla Be Profitable In Q3?” on September 27, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Citi calls Tesla too risky to buy” published on September 28, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla hits 80K-unit quarterly production mark – Electrek” with publication date: October 01, 2018.

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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