Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) 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 $7.73 (-3.1%) to $244.81 on average volume. Throughout the day, 14,358,214 shares of Tesla Motors exchanged hands as compared to its average daily volume of 9,752,500 shares. The stock ranged in price between $242.55-$252.68 after having opened the day at $249.65 as compared to the previous trading day's close of $252.54. Other companies within the Automotive industry that declined today were:
), down 2.1%,
), down 1.9%,
), down 1.7% and
), down 1.6%.
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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 $31.0 billion and is part of the consumer goods sector. Shares are up 67.9% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
- You can view the full Tesla Motors Ratings Report.
On the positive front,
), up 3.5%,
), up 2.7%,
), up 2.0% and
), up 1.6% , were all gainers within the automotive industry with
) being today's featured automotive industry leader.
- 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.