Tesla (TSLA) Receives a Hold from RBC Capital

In a report released yesterday, Joseph Spak from RBC Capital maintained a Hold rating on Tesla (TSLAResearch Report), with a price target of $725.00. The company’s shares closed last Monday at $691.05.

According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.2% and a 58.1% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Dana Holding.

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $683.45 average price target, which is a -1.1% downside from current levels. In a report issued on March 22, Wedbush also maintained a Hold rating on the stock with a $950.00 price target.

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Tesla’s market cap is currently $663.3B and has a P/E ratio of 1057.10. The company has a Price to Book ratio of 29.26.

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.