Markets

Tesla Is Temporarily Shutting Down Model 3 Production. Again

Tesla Is Temporarily Shutting Down Model 3 Production. Again

The third largest holder is Price T Rowe Associates Inc /Md/, which now holds $3.17 billion worth of this stock and that ownership represents almost 6.12% of its market capitalization. Finally, Cowen and Company set a $155.00 price target on Tesla and gave the company a sell rating in a report on Thursday, February 23rd.

The first quarter ended with an output of 2,000 units per week, though some reports claimed Tesla had pulled workers off the Model S and X lines to accomplish a last-minute blitz that was unlikely to be sustained.

Sanford C. Bernstein reissued their hold rating on shares of Tesla Inc (NASDAQ:TSLA) in a research report sent to investors on Monday morning.

The outlet found that Tesla was reportedly filing many injuries under the "personal medical" category. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The price volatility of stock was 4.18% for a week and 5.46% for a month. (TSLA) in the open market. Tesla has a 52 week low of $244.59 and a 52 week high of $389.61.

Shares of NASDAQ:TSLA traded down $9.13 during trading on Friday, reaching $291.21. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.12) by $0.08. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. During the same period in the previous year, the business earned ($0.69) earnings per share. The stock also has a beta of 1.1. The stock was sold at an average price of $354.58, for a total value of $284,018.58. Insiders own 23.10% of the company's stock.

Musk admitted last week that he had put too much faith in the robots at his assembly plants, tweeting: 'Excessive automation at Tesla was a mistake. Confine focus to firm performance, its weekly performance was 0.35% and monthly performance was -8.05%. 683 Capital Management Llc bought 164,000 shares as the company's stock declined 14.15% with the market.

Several institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors Inc. lifted its position in shares of Tesla by 40.2% during the 4th quarter. Xact Kapitalforvaltning AB boosted its position in Tesla by 10.2% during the fourth quarter. Essex Financial Services Inc. now owns 3,549 shares of the electric vehicle producer's stock worth $1,105,000 after purchasing an additional 165 shares during the period.


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