Morgan Stanley likes the idea of a Tesla semi-truck

Gladys Abbott
April 21, 2017

Bloomberg reported a year ago that talks were underway between the Chinese government-owned company Jinqiao Group and Tesla over a potential factory in Shanghai.

Among 23 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 4 Sell and 8 Hold.

According to sentiments of 15 analysts the company is expected to report revenues of $2.58B for the current quarter.

A number of research analysts have recently commented on TSLA shares. "At the end of the day, we run the business to serve our customers", Ford's president of the Americas, Joe Hinrichs said.For now, Tesla ranks the sixth-biggest carmaker by market cap, behind Toyota Motor Corp., Daimler AG, Volkswagen AG, BMW AG and Honda. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,881 shares of the electric vehicle producer's stock worth $14,054,000 after buying an additional 12,131 shares in the last quarter.

Tesla Motors, Inc. (TSLA) is now trading with the volume of 2.27 Million. Guggenheim raised their target price on Tesla from $300.00 to $320.00 and gave the company a buy rating in a report on Monday, April 3rd.

Tesla Motors, Inc. (TSLA) now has a consensus Price Target of $255.89. The company has a consensus rating of "Hold" and an average price target of $251.75. Ideally, Tesla can not be compared to Ford Motors or General Motors in terms of the number of units these companies produce and sell annually. Tesla now has a consensus rating of Hold and an average price target of $266.42.

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Now the shares of Tesla Motors, Inc. Deutsche Bank AG reaffirmed a hold rating and issued a $215.00 price objective on shares of Tesla in a research note on Friday, February 24th. In Tesla cars, this takes around 90 seconds. Baird reissued an outperform rating and set a $368.00 price objective on shares of Tesla in a research report on Tuesday, April 4th.

To those concerned about the upfront cost of developing the truck, he says the incremental investment "may not be significant" and feels that a bit of the autonomous and driving technology that's needed could be shared with the company's passenger auto division. (TSLA) in which Barclays Reiterates Tesla Motors, Inc.

Musk said earlier this month Tesla will unveil the prototype of an electric Class 8 semi-truck.

Paccar's share price lost more than a dollar from Monday to end trading at US$64.20 while Cummins lost almost US$3 sliding to $144. The shares were sold at an average price of $312.11, for a total value of $683,833.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Following the sale, the insider now directly owns 359,655 shares of the company's stock, valued at approximately $68,629,367.10. Also, Director Antonio J. Gracias sold 5,600 shares of Tesla stock in a transaction dated Monday, February 6th. The disclosure for this purchase can be found here. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer's stock worth $100,000 after buying an additional 237 shares during the last quarter. Corporate insiders own 27.70% of the company's stock.

Tesla Inc. (NASDAQ:TSLA) has been doing all it can do, to ensure that it can achieve its delivery target in the coming year and manage to start the final production of the Model 3 on time.

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