Tesla Motors Inc. (TSLA): Today's Featured Automotive Winner

Tesla Motors was a winner within the automotive industry, rising $4.85 (4.2%) to $120.09 on light volume
By TheStreet Wire ,

Tesla Motors

(

TSLA

) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 1.8%. By the end of trading, Tesla Motors rose $4.85 (4.2%) to $120.09 on light volume. Throughout the day, 6,783,251 shares of Tesla Motors exchanged hands as compared to its average daily volume of 9,583,300 shares. The stock ranged in a price between $115.70-$120.28 after having opened the day at $118.32 as compared to the previous trading day's close of $115.24. Other companies within the Automotive industry that increased today were:

Marine Products Corporation

(

MPX

), up 7.0%,

Navistar International

(

NAV

), up 5.9%,

Dana

(

DAN

), up 4.9% and

Shiloh Industries

(

SHLO

), up 4.6%.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $13.6 billion and is part of the consumer goods sector. Shares are up 247.9% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tesla Motors as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the negative front,

Quantum Fuel Systems Technologies Worldwide

(

QTWW

), down 5.0% and

Westport Innovations

(

WPRT

), down 1.9%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider

Consumer Discretionary Sel Sec SPDR

(

XLY

) while those bearish on the automotive industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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