Tesla (TSLA) Receives a Buy from Credit Suisse

In a report released yesterday, Julie Saussier from Credit Suisse maintained a Buy rating on Tesla (TSLAResearch Report), with a price target of $260.00. The company’s shares closed yesterday at $177.90.

According to TipRanks, Saussier is ranked #3366 out of 8260 analysts.

In addition to Credit Suisse, Tesla also received a Buy from Argus Research’s Bill Selesky in a report issued yesterday. However, on January 26, Bernstein maintained a Sell rating on Tesla (NASDAQ: TSLA).

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TSLA market cap is currently $456.1B and has a P/E ratio of 49.52.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year. Last month, Kirkhorn Zachary, the CFO of TSLA bought 13,500.00 shares for a total of $248,940.00.

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. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.

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