Investors are Betting Against Tesla Motors Inc (TSLA), Should You? - Tale of the Tape

By Zacks Equity Research,

Shutterstock photo

Many investors appear to be quite bearish on Tesla Motors Inc ( TSLA ) , especially if you look at the percentage of the float that is sold short for this stock. Currently, 24.89% of the float is sold short, suggesting an extreme level of bearishness for TSLA .

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy) on TSLA, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of TSLA to move higher in the weeks ahead.

TESLA MOTORS (TSLA): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: TSLA

More from


Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by