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

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 $1.89 (-1.7%) to $107.36 on light volume. Throughout the day, 5,302,614 shares of Tesla Motors exchanged hands as compared to its average daily volume of 9,314,900 shares. The stock ranged in price between $106.71-$109.44 after having opened the day at $108.57 as compared to the previous trading day's close of $109.25. Other companies within the Automotive industry that declined today were: China Automotive Systems ( CAAS), down 4.3%, Douglas Dynamics ( PLOW), down 3.3%, Miller Industries ( MLR), down 2.8% and Federal Signal ( FSS), down 2.5%.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $12.2 billion and is part of the consumer goods sector. Shares are up 222.6% 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, Dana ( DAN), up 5.8%, Stoneridge ( SRI), up 3.3%, Icahn ( IEP), up 3.2% and Marine Products Corporation ( MPX), up 2.7% , were all gainers within the automotive industry with Lear Corporation ( LEA) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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