Tesla in Focus: Stock Surges 16.5%

Zacks

Tesla Motors, Inc. (TSLA) was a big mover last session, as the company saw its shares rise by nearly 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down over 18% since Nov 5.

This automaker has seen 3 negative revisions in the past one month. Also, the Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

Tesla Motors currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the automobile industry include Honda Motor Co., Ltd. (HMC), Ford Motor Co. (F) and Daimler AG (DDAIF). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




TESLA MOTORS INC (TSLA): Free Stock Analysis Report

HONDA MOTOR CO LTD (HMC): Free Stock Analysis Report

FORD MTR CO DEL (F): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (1)