Tesla Stock Falls On Unusually High Volume (TSLA)

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) is trading at unusually high volume Friday with five million shares changing hands. It is currently at 4.7 times its average daily volume and trading down $5.46 (-19.3%) at $22.79 as of 4 p.m. ET.

Tesla has a market cap of $2.81 billion and is part of the consumer goods sector and automotive industry. Shares are down 1.1% year to date as of the close of trading on Thursday.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. It offers Tesla Roadster, an electric sports car.

TheStreet Ratings rates Tesla as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income. You can view the full Tesla Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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