Challenges for Tesla's Model 3 Production

  • Challenges for Tesla's Model 3 Production

Challenges for Tesla's Model 3 Production

In the first quarter, Tesla had invested around $553 million, so the second quarter is likely to see more than $1 billion in CapEx. Teachers Advisors LLC now owns 153,551 shares of the electric vehicle producer's stock valued at $32,812,000 after buying an additional 13,705 shares in the last quarter. Arthur M. Cohen & Associates LLC's holdings in Tesla were worth $487,000 as of its most recent SEC filing. However, the IIHS' questioning of Tesla's claim that the Model S is the safest auto in history, as well as weak delivery data for the second quarter, were able to do the trick. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer's stock valued at $1,651,654,000 after buying an additional 280,941 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Tesla by 2.8% in the second quarter.

Stock has got OUTPERFORM rating from 2 analyst (s) whereas last month 3 analyst (s) have given outperform rating.

Tesla Inc is expected to double its revenue.

Tesla (TSLA) traded down 3.46% during mid-day trading on Monday, hitting $323.47. Also, Director Robyn M. Denholm sold 20,000 shares of the company's stock in a transaction on Monday, May 8th. The 52-week high of the share price is -13.42% and 52-week low of the share price is 88.04%. The stock's market capitalization is $53.66 billion. The company has a 50 day moving average of $348.29 and a 200-day moving average of $299.70.

Reports this week suggest Audi is the latest carmaker to embrace this shift, with Reuters revealing plans by the firm to cut costs by €10bn ($12bn) by 2022 in a bid to fund a transition to electric cars. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by $1.30.

Tesla Motors Inc (NASDAQ:TSLA) yearly performance is 45.30% and net profit margin is -8.50%. On average, equities research analysts anticipate that Tesla Inc. will post ($5.99) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: "Arthur M. Cohen & Associates LLC Boosts Position in Tesla Inc. (TSLA) Stake Decreased by Whittier Trust Co." was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another site, it was stolen and reposted in violation of USA and global copyright & trademark legislation. (The) reaffirmed their sell rating on shares of Tesla Inc.

TSLA has been the subject of several other reports.

This apparent peak in the demand for Tesla's high-end models led to analysts slashing their price targets on Tesla stock. (The) reissued a "sell" rating and set a $180.00 price target (down previously from $190.00) on shares of Tesla in a research report on Wednesday, July 5th. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the company a "neutral" rating in a research note on Thursday.

Tesla remains a Zacks Rank #3 (Hold). They now have a $368.00 price target on the electric vehicle producer's stock.

In other news, Director Kimbal Musk sold 4,690 shares of the company's stock in a transaction dated Monday, July 3rd.