Downgrade Alert for Tesla Motors Inc (TSLA)
Tesla Motors Inc (NASDAQ:TSLA) was downgraded from Overweight to Equal Weight at Morgan Stanley today. The stock closed yesterday at $196.40 on volume of 10.1 million shares, above average daily volume of 6.1 million.
Tesla Motors, Inc. designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The Company owns its sales and service network and sells electric powertrain components to other automobile manufacturers.
In the past 52 weeks, Tesla Motors Inc share prices have been bracketed by a low of $141.05 and a high of $286.65 and closed yesterday at $196.40, 39% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 1.84% higher over the past week, respectively.
Tesla Motors Inc has overhead space with shares priced $196.40, or 33.2% below the average consensus analyst price target of $294.07. The stock should find initial resistance at its 200-day moving average (MA) of $225.70 and further resistance at its 50-day MA of $230.07.
SmarTrend is monitoring the recent change of momentum in Tesla Motors Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tesla Motors Inc in search of a potential trend change.
Keywords: analyst upgrades/downgrades tesla motors inc