Tesla's sales raise concerns for Model 3

Tesla's sales raise concerns for Model 3

In the statement released after the close of trading Monday, Tesla did not disclose the number of cars in transit, a departure from previous reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources.

While analysts from major investment banks like Goldman Sachs and Bank of America typically disagree (to a certain extent) on future price targets for stocks, it's much rarer for analysts to be totally split on if a company's stock will go up or down. Tesla earned a media sentiment score of 0.04 on Accern's scale. But shares have plunged nearly 15 percent this week, translating to lost market value of $8.7 billion.

A number of analysts have weighed in on the stock. Tesla plans to hand over the keys to about 30 Model 3 customers on July 28.

HarbourVest Partners LLC continued to hold its stake in shares of Tesla Inc. The original version of this piece can be read at https://transcriptdaily.com/2017/07/06/teslas-tsla-sell-rating-reaffirmed-at-goldman-sachs-group-inc-the.html. Tesla presently has an average rating of Hold and an average price target of $295.42.

But the selloff becomes a little more understandable when one remembers how much has been priced into Tesla's shares following an epic 7-month rally. 14,567,697 shares of the company were exchanged. The stock's 50-day moving average is $346.84 and its 200-day moving average is $283.13. The stock's market capitalization is $53.73 billion. Tesla has a 52-week low of $178.19 and a 52-week high of $386.99. Tesla also was the recipient of some unusual options trading on Tuesday. Stock traders purchased 127,894 put options on the stock. This represents an increase of approximately 134% compared to the average volume of 54,636 put options. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.56 billion. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%.

In other news, insider Jeffrey B. Straubel sold 106,000 shares of Tesla stock in a transaction on Monday, May 8th.

The stock is up 18.48% in this year through last updated price. Also, VP John Douglas Field sold 500 shares of Tesla stock in a transaction on Friday, April 7th. The shares were sold at an average price of $301.45, for a total value of $150,725.00. The disclosure for this sale can be found here.

Tesla said Thursday that the carmaker's rating for the small overlap front crash test was the second-highest rating available and that the company received the highest rating in the rest of IIHS's crash testing categories. Institutional investors and hedge funds own 63.77% of the company's stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Transcript Daily and is owned by of Transcript Daily. It added that 25,708 vehicles were produced, and said it's confident Model S and X deliveries will rise in the second half of 2017 relative to the first half provided macro conditions "do not worsen considerably". (TSLA) has been a company valued, analyzed and judged based on the sales potential of mass-market cars that haven't launched yet, a major selloff on account of a slight quarterly delivery shortfall for the company's existing, costlier vehicles is a little odd at first glance. So any delay in Model 3 production could negatively affect Tesla stock going forward. The Company operates through two segments: Automotive, and Energy generation and storage.

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