Another brief shutdown for Tesla Model 3 line

Tesla's highly automated Freemont Calif. factory

Tesla Is Temporarily Shutting Down Model 3 Production. Again.

This metric reflects the average amount a stock's price has differed from the mean over a period of time.

Tesla Inc. (NASDAQ:TSLA) was down 0.53% in early afternoon trading on April 17. JPMorgan Chase set a $190.00 price target on shares of Tesla and gave the company a "sell" rating in a report on Thursday, February 8th. During the same period previous year, the business posted ($0.87) earnings per share. The stock presently has an average rating of Hold and a consensus price target of $304.44.

The stock has a beta of 1.1 compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. The company has a current ratio of 0.86, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80. This marks the 2nd time the company has had to do this since the start of the year.

Wall Street Analysts suggested rating of 2.8. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Tesla by 578.7% in the third quarter.

Tesla's proposed return to profitability later this year will be good news for billionaire Musk, who won't be receiving another paycheck from Tesla until the company makes money. The stock price changed 0.54% in the past week.

In a regulatory filing, the company listed 31 unnamed investors as participants in the funding round. Also, VP Eric Branderiz sold 801 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $321.41, for a total value of $321,410.00. Following the sale, the vice president now directly owns 1,248 shares in the company, valued at approximately $441,168.

The company says tunnel-digging projects can cost as much as $1 billion per mile, but its goal is to lower these costs by a factor of 10 or more. The stock grabbed 122 new institutional investments totaling 627,340 shares while 79 institutional investors sold out their entire positions totaling 2,434,043 shares. Shares of Tesla are down 6.4% in 2018 so far and have dropped 4.2% year over year. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer's stock valued at $55,451,000 after acquiring an additional 64,712 shares during the period. Finally, Essex Financial Services Inc. raised its position in shares of Tesla by 4.9% during the fourth quarter. Mirador Capital Prtnrs Lp has 0.85% invested in Tesla, Inc.

TRADEMARK VIOLATION WARNING: This news story was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States and global trademark and copyright laws. The correct version of this piece of content can be viewed at

Tesla is focused on the production of electric vehicles, founded in 2003.

Latest News