Norddeutsche Landesbank Sticks to Their Sell Rating for Tesla (TSLA)

Norddeutsche Landesbank analyst Frank Schwope maintained a Sell rating on Tesla (TSLAResearch Report) yesterday and set a price target of $260.00. The company’s shares closed last Tuesday at $691.62.

According to TipRanks.com, Schwope is ranked #7380 out of 7425 analysts.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $683.45, which is a -1.0% downside from current levels. In a report issued on April 4, GLJ Research also maintained a Sell rating on the stock.

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Based on Tesla’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.74 billion and net profit of $239 million. In comparison, last year the company earned revenue of $7.38 billion and had a net profit of $97 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is neutral on the stock.

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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.