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 higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.1%. By the end of trading, Tesla Motors rose 64 cents (2.2%) to $29.80 on light volume. Throughout the day, 728,969 shares of Tesla Motors exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in a price between $29-$29.89 after having opened the day at $29.28 as compared to the previous trading day's close of $29.16. Other companies within the Automotive industry that increased today were:
Commercial Vehicle Group (
CVGI), up 6.8%,
China Automotive Systems (
CAAS), up 5.4%,
Westport Innovations (
WPRT), up 4.7%, and
Meritor (
MTOR), up 2.8%.
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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 $3.09 billion and is part of the
consumer goods sector. Shares are up 2.1% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Tesla Motors a buy, one analyst rates it a sell, and three rate it a hold.
TheStreet Ratings rates Tesla Motors as a
sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, disappointing return on equity and poor profit margins.
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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