Here's a Reason Why Tesla (TSLA) Stock Is Up Today - TheStreet

NEW YORK (TheStreet) -- Shares of Tesla Motors (TSLA) - Get Report were higher in late-afternoon trading on Monday as Global Equities Research estimates that the electric vehicles manufacturer will meet its delivery guidance of 50,000 units for the second half of 2016, Barron's reports.

The firm's research indicates that Tesla might deliver more than 22,000 units in the 2016 third quarter, compared to 14,402 delivered in the second quarter. 

"Clearly, our research indicates that Model S and Model X production has ramped up significantly," Global Equities said in the note. 

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.

Tesla's weaknesses include its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: TSLA

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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