Tesla Motors Inc. (TSLA): Today's Featured Automotive Laggard - TheStreet

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

Tesla Motors

(

TSLA

) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole was unchanged today. By the end of trading, Tesla Motors fell $1.10 (-1.1%) to $99.55 on average volume. Throughout the day, 11,567,317 shares of Tesla Motors exchanged hands as compared to its average daily volume of 8,897,600 shares. The stock ranged in price between $97.50-$103.70 after having opened the day at $103.70 as compared to the previous trading day's close of $100.65. Other companies within the Automotive industry that declined today were:

Hyster-Yale Materials Handling

(

HY

), down 6.1%,

Gentherm

(

THRM

), down 3.6%,

Quantum Fuel Systems Technologies Worldwide

(

QTWW

), down 3.5% and

Harley-Davidson

(

HOG

), 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 $12.1 billion and is part of the consumer goods sector. Shares are up 209.1% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Tesla Motors

as a

buy

. 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.

On the positive front,

China Automotive Systems

(

CAAS

), down 5.3%,

Motorcar Parts of America

(

MPAA

), down 4.5%,

Orbital Corporation

(

OBT

), down 4.1% and

Modine Manufacturing Company

(

MOD

), down 3.9% , were all gainers within the automotive industry with

Ford Motor

(

F

) 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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