Tesla Model 3 production shuts down for 4-5 days

Tesla Model 3 production shuts down for 4-5 days

Tesla Model 3 production shuts down for 4-5 days

COPYRIGHT VIOLATION WARNING: "Tesla (NASDAQ:TSLA) Rating Increased to Hold at Jefferies Group" was first published by Macon Daily and is the sole property of of Macon Daily.

Struggling to meet production goals, Tesla is reportedly outsourcing fix of parts-brand new parts, that is-before they are installed on its electric cars. (NASDAQ:TSLA). United Automobile Association invested in 42,774 shares or 0.04% of the stock.

Earlier this month, Tesla said it was producing about 2,000 Model 3 cars per week - short of its goal of 2,500. JPMorgan Chase set a $190.00 price target on shares of Tesla and gave the company a "sell" rating in a report on Thursday, February 8th. Thirteen equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company's stock. The stock's 12-month consensus price target is $320.17.

Tesla, Inc. (TSLA) has year to date performance of -3.54% and weekly performance of 0.35%.

Checking on recent price levels compared to prior highs and lows, we have seen that Tesla, Inc.

Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Tesla in a report on Wednesday, November 30th. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. This marks the 2nd time the company has had to do this since the start of the year. During the same quarter a year ago, the firm earned ($0.69) EPS. He later tweeted that his company would be profitable before the end of the year. Tesla provided BuzzFeed News with an identical statement regarding this month's pause. Corporate insiders own 27.70% of the company's stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,700 shares of company stock worth $3,610,196.

VP, Chief Accounting Officer, Branderiz Eric, sold 452 common shares of Tesla, Inc. Fmr Llc owns $4.91 billion in Tesla, Inc., which represents roughly 9.48% of the company's market cap and approximately 16.81% of the institutional ownership. Jennison Associates LLC grew its stake in shares of Tesla by 17.1% in the fourth quarter. APG Asset Management N.V. lifted its position in shares of Tesla by 43.4% during the 4th quarter.

Large investors have recently bought and sold shares of the company.

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