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Merrill Lynch Keeps a Sell Rating on Tesla (TSLA)


In a report released today, John Murphy from Merrill Lynch maintained a Sell rating on Tesla (NASDAQ: TSLA), with a price target of $200. The company’s shares opened today at $270.26.

According to TipRanks.com, Murphy is ranked #4061 out of 4878 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $311.86 average price target, which is a 15.4% upside from current levels. In a report released today, Citigroup also downgraded the stock to Sell with a $225 price target.

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Based on Tesla’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $718 million. In comparison, last year the company had a GAAP net loss of $336 million.

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Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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