Tesla Motors Receives a Hold from Oppenheimer

By Ryan Adsit

Oppenheimer analyst Colin Rusch assigned a Hold rating to Tesla Motors (NASDAQ: TSLA) today. The company’s shares closed last Friday at $196.65.

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 7.2% and a 46.2% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Ultra Clean Holdings.

Currently, the analyst consensus on Tesla Motors is Hold and the average price target is $194, representing a -1.3% downside.

In a report issued on November 22, Berenberg Bank also initiated coverage with a Hold rating on the stock with a $193 price target.

The company has a one year high of $269.34 and a one year low of $141.05. Currently, Tesla Motors has an average volume of 4.09M.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Kimbal Musk, a Director at TSLA sold 460 shares for a total of $103,210.

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. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.