Tesla (TSLA) Gets a Sell Rating from UBS

By Jason Carr

In a report released today, Patrick Hummel from UBS maintained a Sell rating on Tesla (TSLAResearch Report), with a price target of $200. The company’s shares opened today at $192.73, close to its 52-week low of $191.78.

According to TipRanks.com, Hummel is a 1-star analyst with an average return of -0.7% and a 41.7% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.

Tesla has an analyst consensus of Hold, with a price target consensus of $269.73, a 40.0% upside from current levels. In a report issued on May 15, Evercore ISI also maintained a Sell rating on the stock with a $200 price target.

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The company has a one-year high of $387.46 and a one-year low of $191.78. Currently, Tesla has an average volume of 10.89M.

Based on the recent corporate insider activity of 43 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 company operates through Automotive, and Energy Generation and Storage segments.