Tesla Motors Inc (NASDAQ:TSLA) provides its first deliveries of Model X. Although it had one week of planned production shutdown, this delivery level represents a 49% increase over Q3 last year as well as the sixth consecutive quarter of growth.
There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.
Also, this is only one measure of Tesla’s financial performance and should not be relied on as an indicator of its quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. (Original Source)
Shares of Tesla Motors closed today at $247.57, up $7.69 or 3.21%. TSLA has a 1-year high of $286.65 and a 1-year low of $181.40. The stock’s 50-day moving average is $248.14 and its 200-day moving average is $241.64.
On the ratings front, Tesla has been the subject of a number of recent research reports. In a report issued on September 30, Robert W. Baird analyst Ben Kallo reiterated a Buy rating on TSLA, with a price target of $335, which represents a potential upside of 35.3% from where the stock is currently trading. Separately, on the same day, Stifel Nicolaus’ James Albertine reiterated a Buy rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ben Kallo and James Albertine have a total average return of 5.7% and 10.6% respectively. Kallo has a success rate of 44.6% and is ranked #842 out of 3755 analysts, while Albertine has a success rate of 61.1% and is ranked #641.
The street is mostly Bullish on TSLA stock. Out of 17 analysts who cover the stock, 10 suggest a Buy rating , 4 suggest a Sell and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $297.44, which represents a potential upside of 20.1% from where the stock is currently trading.
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.