NEW YORK (TheStreet) -- Shares of Tesla Motors Inc. (TSLA) are down -3.55% to $231.15 after Norwegian Road AS reported 536 Tesla electric Model S vehicles were sold in June, a steep drop from the 1,493 Tesla vehicles shipped in March, which was an all-time single market sales record in the country.
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TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."