Tesla Intends To Discontinue The Model S 60 kWh And 60D

Tesla Intends To Discontinue The Model S 60 kWh And 60D

TSLA stock's price is now -9.01% down from its 52-week high and +46.75% up from its 52-week low.

Tesla stock was little changed on Monday after analysts at Deutsche Bank boosted their price target. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $305.00 target price on shares of Tesla in a report on Wednesday, March 8th. Buy rating has been given by 4 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 16 analysts given HOLD rating. Tesla first opened up its showroom in Starfield Hanam mall on Wednesday and then followed it up with another showroom in Southern Seoul on Friday. The company has a market cap of $42,277 million and the number of outstanding shares has been calculated to be 161,670,430 shares.

But the new entry-level S 75 is no slouch, delivering almost 250 miles of range and a top speed of 140 mph.

Bernstein's analyst is overall bullish on Tesla long term, but has a few short term concerns, leaving the company with a "market perform" status until they work through the next few months.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, February 22nd. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. The companys revenue was up 88.2% compared to the same quarter previous year. Tesla had expected to raise $1.15 billion through the deal. This figure was increased to 1,335,878 shares of stock. The shares were sold at an average price of $254.44, for a total value of $1,424,864.00. Following the transaction, the director now owns 166,846 shares in the company, valued at $35,521,513.40. The disclosure for this sale can be found here.

Tesla announced last week that it would sell $750 million in convertible debt and $250 million in stock.

In Tesla's quarterly update on deliveries, the company has recently been sharing data for orders of the two vehicles. And as there are no EV subsidies offered on Tesla vehicles, people in South Korea will have to get the auto with a hefty price tag.