Stock Update (NASDAQ:TSLA): Tesla Motors Inc Appoints Eric Branderiz as Vice President, Corporate Controller and Chief Accounting Officer

Tesla Motors Inc (NASDAQ:TSLA) announced Eric Branderiz will join the Company on Monday, October 24, 2016 as Vice President, Corporate Controller and Chief Accounting Officer. Eric brings accounting and solar expertise to Tesla after 6 years at SunPower Corporation and is a Certified Public Accountant with a Business Commerce Degree from the University of Alberta, Canada.

Eric was most recently SunPower’s Senior Vice President, Corporate Controller and Chief Accounting Officer. (Original Source)

Shares of Tesla Motors closed yesterday at $206.43, up $1.21 or 0.59%. TSLA has a 1-year high of $269.34 and a 1-year low of $141.05. The stock’s 50-day moving average is $213.84 and its 200-day moving average is $222.67.

On the ratings front, TSLA stock has been the subject of a number of recent research reports. In a report issued on September 12, Baird analyst Ben Kallo reiterated a Buy rating on TSLA, with a price target of $338, which implies an upside of 64% from current levels. Separately, on September 8, Cowen’s Jeff Osborne initiated coverage with a Sell rating on the stock and has a price target of $160.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ben Kallo and Jeff Osborne have a total average return of -0.2% and -17.8% respectively. Kallo has a success rate of 43% and is ranked #2890 out of 4189 analysts, while Osborne has a success rate of 39% and is ranked #4037.

The street is mostly Neutral on TSLA stock. Out of 15 analysts who cover the stock, 8 suggest a Hold rating , 4 suggest a Sell and 3 recommend to Buy the stock. The 12-month average price target assigned to the stock is $216.67, which represents a slight upside potential from current levels.

Tesla Motors, Inc. engages in the designing, development, manufacturing and selling of electric vehicles and electric power train components. Its products include electric vehicles such as the Model S, Model X and the Tesla Roadster. 


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