Today Barrons is reporting: "Price cuts, incentives, and potential production curtailments have Wall Street worried about Tesla 's fourth-quarter deliveries. That is leading to price-target cuts for Tesla stock, although analysts are holding the line on Buy and Sell ratings." For full coverage click here. Shares of the large-cap Consumer Cyclical company have not moved much on the news as of the morning trading session, and are currently trading at $157.73.
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Tesla has a trailing 12 month P/E ratio of 50.9 and a P/B ratio of 12.5.
Tesla has moved -49.3% over the last year compared to -14.4% for the S&P 500 -- a difference of -34.8%. Tesla has a 52 week high of $402.67 and a 52 week low of $153.28. At today's price of $157.73 per share, Tesla is -39.62% away from its target price of $261.21, and on average, analysts give the stock a rating of buy. 3.0% of the company's shares are linked to short positions, and 44.8% of the shares are owned by institutional investors.
