6 Critical Takeaways From Tesla's Q3 Earnings
Electric-car maker Tesla, Inc. (NASDAQ: TSLA) reported third-quarter 2017 earnings after the market closed on Wednesday that largely disappointed investors.
Shares of Tesla dropped 6.8% on Thursday. We can attribute the decline to the company posting an earnings loss considerably wider than Wall Street was expecting and concerns over the delay in reaching the Model 3 production target of 5,000 vehicles per week. News out during the trading day that House Republicans want to abolish the electric-car tax credit was probably another factor in the stock's decline.
Tesla stock is still up 43.2% in 2017, and nearly 63% for the one-year period through Friday. By comparison, the S&P 500 has returned 17.5% and 25.9%, respectively, over the same periods.
Source: Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 39 Sell predictions.
As a result the target price of 409 € shows a positive potential of 39.02% compared to the current price of 294.2 € for Tesla Inc.
