Tesla Model S loses top ranking from Consumer Reports

Tesla Motors Inc (NASDAQ:TSLA) shares climbs 1.87% to $313.79 on Tuesday.

Investors have taken Consumer Reports' whims seriously because the magazine has built credibility by paying for the vehicles it tests and refusing automakers' advertising. The 12 analysts offering target price estimates on shares of Tesla Motors, Inc.

The Model X's rating drops to 56, ranking it near the bottom among luxury midsized SUVs, according to the magazine.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Tesla Motors, Inc. the EPS stands at -0.69 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.43, suggesting the stock fell short of the analysts' expectations.

Tesla has a strong track record in various ratings reports from Consumer Reports. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $269.23.

Those shareholders may eventually lose confidence in the stock: "While we recognize that TSLA is a growing top-line business, we think it is unlikely that investors would continue to supply the company with incremental low cost capital in perpetuity if investments fail to generate return".

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Stock is now moving with a positive distance from the 200 day simple moving average of approximately 37.33%, and has a solid year to date (YTD) performance of 46.84% which means the stock is constantly adding to its value from the previous fiscal year end price. Tesla Inc has a 12-month low of $178.19 and a 12-month high of $314.50.

(NASDAQ:TSLA) have set a consensus target of $251.666 on shares. The electric vehicle producer reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.43) by $0.26.

In November, SolarCity and Tesla shareholders voted to approve the electric vehicle maker's $2.6 billion acquisition of the solar power company. Tesla's revenue for the quarter was up 88.2% compared to the same quarter a year ago.

Tesla has yet to turn an annual profit, and earlier this year Mr. Musk said the company was "close to the edge" as it look toward capital spending of $2-2.5-B in 1-H of Y 2017. On average, equities analysts predict that Tesla will post ($1.99) earnings per share for the current year. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark legislation.

In related news, Director Antonio J. Gracias sold 5,600 shares of Tesla stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $312.11, for a total value of $683,833.01. Gulf International Bank UK Ltd's holdings in Tesla were worth $11,053,000 as of its most recent SEC filing. Also, VP John Douglas Field sold 500 shares of the stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $286.28, for a total transaction of $715,700.00. The disclosure for this sale can be found here.

  • Rita Burton