Wedbush Securities Inc. Cuts Position in Tesla Inc. (NASDAQ:TSLA)

The only image we've ever seen of the Tesla Semi. That will change soon

Bringing autonomous driving to the big rigs could greatly increase road safety since drivers won't be driving long range for many hours, sacrificing sleep and other luxuries as they push to meet their target schedules. Evercore ISI's price objective would suggest a potential upside of 8.91% from the company's current price. Vetr upgraded shares of Tesla from a sell rating to a hold rating and set a $361.37 price target for the company in a research report on Monday, July 3rd. (NASDAQ:TSLA) from an in-line rating to an underperform rating in a research report released on Friday, October 27th. (The) set a $180.00 price target on shares of Tesla and gave the company a sell rating in a research report on Friday, June 30th. Guggenheim reaffirmed a "buy" rating and set a $430.00 price target (up previously from $380.00) on shares of Tesla in a research report on Wednesday, July 5th. Morgan Stanley restated a "hold" rating and set a $317.00 target price on shares of Tesla in a report on Thursday, September 7th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The stock has weekly volatility of 2.35% and monthly volatility of 2.81%. (NASDAQ:TSLA) traded down 0.32% during trading on Thursday, reaching $187.42. "It is bigger than loyalty because much of the enthusiasm comes from people who have never owned a Tesla". The stock appeared -18.99% downward to its 52-week high and 77.13% above its 52-week low. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, November 1st. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%.

In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Tesla Motors, 3.31 Billion. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at approximately $6,461,478.40. These situations can be discovered by chart analysis and technical indicators, which we can use for our advantage - and that is precisely what technical analysis is trying to do. The stock has actually weakened in the past week, as the company has gathered a -1.01% return in the past 5 trading days. The correct version of this news story can be read at

Jefferies Group LLC downgraded shares of Tesla Inc.

In other Tesla news, VP John Douglas Field sold 600 shares of the stock in a transaction dated Thursday, November 2nd. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $301.60, for a total value of $180,960.00. It has also been speculated that Tesla will sell the trucks to haulage companies without batteries, as these will be leased separately. Insiders own 23.10% of the company's stock. Whale Rock Capital Management LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $66,601,000. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer's stock valued at $309,000 after purchasing an additional 4 shares in the last quarter. The company earned $2.30 billion during the quarter, compared to analysts' expectations of $2.33 billion.

"Demand for Model 3 is not going to be a constraint for quite a long time", Tesla said in its third quarter letter to shareholders. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer's stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Following the transaction, the director now directly owns 158,584 shares of the company's stock, valued at $56,329,036.80. Finally, Gemmer Asset Management LLC boosted its position in Tesla by 2.6% during the second quarter.

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