[cnxvideo id=”655237″ placement=”ros”]Tesla Inc. (NASDAQ: TSLA) short interest for the period ending March 15 totaled 31.07 million, which was only an ever so slight an increase from the 31.01 million shares short reported in the previous period. But keep in mind that this number is approximately 25% of Tesla’s float — still a sizable bet.
Excluding Monday’s move, Tesla has outperformed the broad markets, with the stock up 23% year to date. Over the past 52 weeks, the stock is up only 15.6%, though.
In Tesla’s most recent quarterly report, the electric car maker posted an adjusted diluted loss per share loss of $0.69 on adjusted revenues of $2.29 billion. In the same period a year ago, the company reported adjusted a net loss of $2.02 on revenues of $1.2 billion. Fourth-quarter results compare to consensus estimates that had called for a per share loss of $0.43 and $2.18 billion in revenues.
The results also included the effect of Tesla’s most recent acquisition of SolarCity, effective beginning November 21 through December 31, 2016.
[nativounit]
Elon Musk expects to deliver 47,00 to 50,000 Model S and Model X vehicles combined in the first half of 2017, representing growth of 61% to 71% over the first half of last year. Tesla also plans to invest $2.o billion to $2.5 billion in capital spending ahead of production of the company’s Model 3.
The company expects to post its first quarter financial results in late April or early May.
Shares of Tesla were trading up 1.3% at $266.33 on Monday, with a consensus analyst price target of $250.94 and a 52-week trading range of $178.19 to $287.39.
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks