Merrill Lynch Maintains a Sell Rating on Tesla

By Jason Carr

In a report released today, John Murphy from Merrill Lynch maintained a Sell rating on Tesla (NASDAQ: TSLA), with a price target of $180. The company’s shares closed yesterday at $322.47.

According to, Murphy is ranked #3711 out of 4838 analysts.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $301.35, which is a -6.5% downside from current levels. In a report issued on July 2, CFRA also downgraded the stock to Sell with a $300 price target.


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The company has a one-year high of $389.61 and a one-year low of $244.59. Currently, Tesla has an average volume of 8.26M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSLA in relation to earlier this year. Most recently, in May 2018, Antonio Gracias, a Director at TSLA bought 16,666 shares for a total of $473,814.

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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.