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

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.

Tesla Motors ( TSLA) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Tesla Motors fell $1.95 (-1.3%) to $145.43 on light volume. Throughout the day, 8,705,268 shares of Tesla Motors exchanged hands as compared to its average daily volume of 11,768,400 shares. The stock ranged in price between $144.45-$149.84 after having opened the day at $149.50 as compared to the previous trading day's close of $147.38. Other companies within the Automotive industry that declined today were: Fox Factory ( FOXF), down 3.0%, Gentherm ( THRM), down 1.9% and SORL Auto Parts ( SORL), down 1.7%.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and electric vehicle powertrain components. Tesla Motors has a market cap of $17.7 billion and is part of the consumer goods sector. Shares are up 351.7% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Tesla Motors a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tesla Motors as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the positive front, Tata Motors ( TTM), up 7.1%, Visteon ( VC), up 6.7%, China Automotive Systems ( CAAS), up 6.3% and China Zenix Auto International ( ZX), up 5.9% , were all gainers within the automotive industry with Toyota Motor ( TM) 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.
null

If you liked this article you might like

Tesla's Stock Is Hanging Off a Cliff, Jefferies Says

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does

Toys 'R' Us Bankruptcy Filing a Reminder That Amazon Is Crushing Everyone

Google's Artificial Intelligence Chief Thinks Elon Musk's AI Fears Are Overblown

Tesla Model 3 Waiting List Is Insane Just Like These Other Hot Cars