Tesla Motors

(

TSLA

) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 2%. By the end of trading, Tesla Motors fell 82 cents (-2.8%) to $28.13 on heavy volume. Throughout the day, 2.3 million shares of Tesla Motors exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $27.64-$30 after having opened the day at $29.90 as compared to the previous trading day's close of $28.95. Other company's within the Automotive industry that declined today were:

ATC Venture Group

(

ATC

), down 7.1%,

Enova Systems

(

ENA

), down 6.4%,

Titan International

(

TWI

), down 5.5%, and

Spartan Motors

(

SPAR

), down 3.5%.

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Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company offers Tesla Roadster, an electric sports car. Tesla Motors has a market cap of $3.14 billion and is part of the

consumer goods

sector. Shares are up 1.4% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Tesla Motors a buy, two analysts rate it a sell, and two 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 expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front,

Oshkosh Corporation

(

OSK

), up 15.2%,

Dana

(

DAN

), up 14.8%,

Arctic Cat

(

ACAT

), up 11%, and

Meritor

(

MTOR

), up 10.5%, were all gainers within the automotive industry with

Harley-Davidson

(

HOG

) being today's featured automotive industry leader.

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

).

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