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GOLDMAN SACHS: Tesla's production issues go beyond the Gigafactory (TSLA)

11 April 2018

Cohen Klingenstein Llc who had been investing in Walt Disney Co for a number of months, seems to be less bullish one the $150.89 billion market cap company. The stock increased 4.60% or $13.32 during the last trading session, reaching $302.98. (NYSE:RCI) to report earnings on April, 17. It has underperformed by 10.10% the S&P500.

Winham decreased its stake in Tesla Inc (TSLA) by 26.1% based on its latest 2017Q4 regulatory filing with the SEC. In the last ninety days, insiders have sold 5,529 shares of company stock worth $1,786,841. Investec Asset Management LTD now owns 3,690 shares of the electric vehicle producer's stock valued at $1,259,000 after buying an additional 1,617 shares during the period. About 10.37M shares traded or 41.22% up from the average. (NASDAQ:TSLA), we could notice that the shares are trading close to the $299.30 level. TSLA underperformed by 8.23% the S&P500. Fourteen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Therefore 44% are positive. Tesla Motors Inc had 139 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks Investment Research cut Tesla from a "hold" rating to a "sell" rating in a report on Saturday, January 20th. The company rating was upgraded by Jefferies on Monday, April 2. Finally, Dougherty & Co lifted their price target on shares of Tesla from $340.00 to $400.00 and gave the company a buy rating in a research report on Thursday, February 8th. As per Monday, August 17, the company rating was downgraded by Vetr. The rating was maintained by BMO Capital Markets with "Buy" on Friday, July 28. In Wednesday, November 1 report CFRA maintained the stock with "Sell" rating. The rating was maintained by Loop Capital on Wednesday, August 16 with "Hold". The electric vehicle producer reported $0.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.54) by $1.25. Its up 0.01, from 0.89 in 2017Q3. The shares were sold at an average price of $354.58, for a total value of $284,018.58. 162 funds opened positions while 508 raised stakes. 235.44 million shares or 0.35% more from 234.63 million shares in 2017Q3 were reported. Moreover, Stratos Wealth Partners has 0.41% invested in The Walt Disney Company (NYSE:DIS). During the same quarter in the prior year, the company earned ($0.69) earnings per share. Comerica Savings Bank has 0.63% invested in Visa Inc. (NYSE:V). Pinnacle Ltd accumulated 0.62% or 283,201 shares. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer's stock worth $1,053,158,000 after buying an additional 494,761 shares in the last quarter. Atria Investments Llc holds 0.05% of its portfolio in The Hershey Company (NYSE:HSY) for 9,272 shares. It also upped Wayside Technology Group Inc (NASDAQ:WSTG) stake by 624 shares and now owns 83,065 shares. Lawson Kroeker Investment Mngmt Inc Ne, Nebraska-based fund reported 124,519 shares. Beacon Mngmt invested in 2 shares. Sigma Planning holds 4,766 shares or 0.11% of its portfolio. Hugh Johnson Advsrs Lc invested in 2.27% or 72,420 shares. Aqr Mngmt Limited Liability Company holds 0.12% of its portfolio in The Hershey Company (NYSE:HSY) for 1.05M shares. Barbara Oil accumulated 8,000 shares or 0.55% of the stock. Eulav Asset Mgmt owns 21,000 shs.

"Lastly, we still expect the company to raise capital later this year given Model 3 cash burn and targeted growth projects". DIS's profit will be $2.53B for 14.93 P/E if the $1.68 EPS becomes a reality. The capital goods company at the end of 2017Q4 was priced at $575.37 million.

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Since February 26, 2018, it had 0 insider purchases, and 1 insider sale for $194,780 activity. The insider Branderiz Eric sold $141,754. Tesla traded up $15.04 for the day and closed at $304.70Specifically, VP John Douglas Field sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 16th. Therefore 34% are positive.

Analysts await Tesla, Inc. Guggenheim analysts look bearish on the stock as they dropped rating from Buy to Neutral. The firm has "Sell" rating given on Wednesday, October 4 by Standpoint Research. (NASDAQ:TSLA) earned "Hold" rating by RBC Capital Markets. (NASDAQ:TSLA) earned "Sell" rating by Goldman Sachs on Monday, March 19. On Thursday, February 8 the stock of Tesla, Inc. (NASDAQ:WBA) has "Buy" rating given on Friday, October 27 by Jefferies. (NASDAQ:TSLA) has "Sell" rating given on Wednesday, April 4 by J.P. Morgan. The rating was initiated by Nomura with "Buy" on Tuesday, October 3. 700 vehicles throughout the quarter -after achieving an extrapolated +1,000 Model 3's per week ending 4Q17, we believe the sustainable production rate for 2Q18 is most likely below the 2,000 vehicle mark the company achieved in the final week of the quarter. (NASDAQ:TSLA) on Tuesday, January 2.

Analysts at Maxim Group have not made any change to their Buy rating on LendingClub Corporation when they released a research note on December 11th, 2017, but they now have set a price target of $6, which is a decrease from the previous $8.

GOLDMAN SACHS: Tesla's production issues go beyond the Gigafactory (TSLA)