Is it Really Over for Tesla Inc (NASDAQ: TSLA)?

Tesla Inc (NASDAQ: TSLA) stock is taking a beating after the stock was downgraded by Needham & Co. analyst Rajvindra Gill. The analyst said that customers are canceling their orders for Tesla Model 3 amid delays and other issues. The analyst also thinks sales of Model S and Model X are losing vigor amid a tough competition from other car companies. Tesla stock was also given a bearish rating by J.P. Morgan, which said in its report that the stock could plunge by more than 40% in 2018.

On July 20, Roger McNamee, Elevation Partners co-founder, said in an interview that it could be “over” for Tesla stock if Elon Musk’s recent outrageous comment on Twitter affect the stock.

For this year Tesla Motors's revenue will be around 19,77 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2017's revenue of 11,76 billion USD.

Historical revenues and results Tesla Motors plus estimates 2018

The analysts expect for 2018 a net loss of 1,2 billion USD. The majority of the analysts expects for this year a loss per share of 6,83 USD. The price/earnings-ratio therefore equals -43,51.

Analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals a limited 1 percent.

Recent target prices around 310 USD

The most recent recommendations for the automobile producer are from Barclays , Independent Research and Nomura Securities.

Based on the current number of outstanding shares Tesla Motors's market capitalization is 48,01 billion USD.

Price data Tesla Motors 2007-2018

At 17.43 the stock trades 2,88 percent lower at 297,18 USD.

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.