Tesla Stock Falls On Unusually High Volume (TSLA)

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.

NEW YORK ( TheStreet) -- Tesla Motors (Nasdaq: TSLA) is trading at unusually high volume Thursday with 2.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $3.65 (-9.5%) at $34.89 as of 10:21 a.m. ET.

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Tesla has a market cap of $4.47 billion and is part of the consumer goods sector and automotive industry. Shares are up 16% year to date as of the close of trading on Wednesday.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. The company 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, deteriorating net income and weak operating cash flow. 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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