Is the Price Rally in Tesla Stock Over?

Is this the Model Y under wraps

Is this the Model Y under wraps

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.

Other equities analysts have also recently issued research reports about the company. Cowen and Company reaffirmed an "underperform" rating and set a $155.00 price target on shares of Tesla in a research note on Monday, May 1st. Zacks Investment Research raised shares of Tesla from a "hold" rating to a "buy" rating and set a $345.00 price target for the company in a research report on Tuesday. Coldstream Capital Management Inc. now owns 1,268 shares of the electric vehicle producer's stock worth $271,000 after buying an additional 18 shares in the last quarter.

Tesla Motors, Inc. (TSLA) traded with the volume of 8.1 Million shares while its average 3 months volume is at 5930 shares. Deutsche Bank AG reissued a "hold" rating and issued a $240.00 target price on shares of Tesla in a research note on Thursday.

Among 10 analysts covering Domino's Pizza Group PLC (LON:DOM), 6 have Buy rating, 0 Sell and 4 Hold. (TSLA) is $258.94/share according to the consensus of analysts working on the stock, with an expected EPS of $-0.7/share for the current quarter.

Shares of Tesla (NASDAQ:TSLA) opened at 308.35 on Monday.

Company shares have been seen trading -6.39% off of the 52 week high and 72.12% away from the 52 week low.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, February 22nd.

Maximum and minimum EPS estimate for the current quarter is projected at $-0.33 and $-2.98, respectively, according to 15 analysts. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.56 billion. The Return on Equity ratio of Tesla Motors, Inc. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.41 on scale of 1-5.

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In other news, VP John Douglas Field sold 500 shares of the stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $286.28, for a total transaction of $715,700.00. Following the completion of the sale, the director now owns 168,355 shares in the company, valued at approximately $53,144,622.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The shares were bought at an average price of $262.00 per share, for a total transaction of $25,000,040.00. The disclosure for this purchase can be found here. Clean Yield Group now owns 1,235 shares of the electric vehicle producer's stock worth $252,000 after buying an additional 200 shares during the last quarter. Corporate insiders own 27.70% of the company's stock. Korea Investment CORP now owns 494 shares of the electric vehicle producer's stock worth $137,000 after buying an additional 342 shares in the last quarter. Independent Advisor Alliance purchased a new position in Tesla during the fourth quarter worth $102,000. Over the last 90 days, insiders have sold 7,691 shares of company stock worth $2,339,433. Korea Investment CORP raised its position in Tesla by 225.0% in the first quarter. Cable Hill Partners LLC now owns 693 shares of the electric vehicle producer's stock worth $139,000 after buying an additional 184 shares in the last quarter. American Century Companies Inc. increased its position in Tesla by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Tesla by 21.3% in the third quarter. Hedge funds and other institutional investors own 57.29% of the company's stock.

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products.

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