Tesla Motors’s stock value is to rise to $255.69, as analysed by 13 analysts, and that too in the short term only. The lowest estimation for the short term price target is $70 while the highest expectation for the short term price target to reach is $400. The standard discrepancy in the price was recorded at $89.74.
Financial equity firms that have commented on the shares of the company have different opinions on the price target given to the shares. JP Morgan has given a low grading to the shares of the car making company with respect to the guidance report the company released to its investors. The shares of Tesla Motors (NASDAQ:TSLA) have been observing a decline and so the stock experts have declared the shares to be ‘underweight’ at the rating house. Only earlier the same day, the shares had the rating of ‘Neutral’ before observing a drop. JP Morgan has further lowered the company’s shares price target from $180 to $175.
Tesla Motors rose to 0.28% and slowly made way to become one of the gainers at the trading session of the day. The share price was recorded at $205.7 at the time the session started and did not rise any more from that point on. The lowest price that the company’s share faced was $201.5 and the session ended with the share price coming out at $204.35.The daily volume of the shares was observed at 396518 shares.
The company’s 52-week low was registered at $177.22 and 52-week high was reported at $219.42.Tesla Motors ended its last trading session at $203.77 and has a total market value of $25,622 million.
As for the short interest shares of the company, the shares saw a rise in the volume by 3.2% which made total shares come at a total of 809,218 shares.
Tesla Motors is a corporation headed by CEO Elon Musk that creates and develops high tech cars. The company was founded in the state of California, United States back in 2003 and since then has not failed to make a name in the auto industry. It also owns sales and networking services that it uses to market the company’s products. The cars made by the company are sleek and classic with an attractive look. The electric cars made by the company are popular all over in the US. The company is also working towards expansion of business in China currently.
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