Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Tesla Motors fell $5.70 (-5.2%) to $104.63 on heavy volume. Throughout the day, 25,003,889 shares of Tesla Motors exchanged hands as compared to its average daily volume of 5,864,200 shares. The stock ranged in price between $99.00-$114.90 after having opened the day at $113.55 as compared to the previous trading day's close of $110.33. Other companies within the Automotive industry that declined today were:
), down 6.9%,
), down 5.2%,
), down 3.1% and
), down 2.9%.
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Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $11.2 billion and is part of the consumer goods sector. Shares are up 186.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Tesla Motors Ratings Report.
On the positive front,
), down 5.5%,
), down 2.5%,
), down 2.3% and
), down 1.8%.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
) while those bearish on the automotive industry could consider
- Find other investment ideas from our top rated ETFs lists.
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