Since the beginning of 2017, the shares of Tesla have had a better performance with strong growth and consistent once that the CEO, Elon Musk prepares the company for a year more innovative and productive.
shares of Tesla Motors Inc (NASDAQ:). continued with its strong performance in the market, closing on Friday at$ 244,73, indicating an increase of 2,94% compared to last week and an increase of 0.40% in the previous trading session. From the beginning of 2017 up to now, shares of Tesla have behaved better in the market.
Undertakings of the Tesla
THE CEO and founder of Tesla, Elon Musk recently expressed the company’s plans for the future, particularly of his division to the automotive. Musk said the company is waiting to announce major improvements and updates to all of its vehicle models every 12 to 18 months. Musk also announced through its Twitter account that the autopilot for Tesla cars with technology H2W is being prepared for all the cars HW2.
Different from other businesses in the automotive industry, with the recent announcement of Musk, the Tesla will have improvements in at least one per year which represents much more than a technology company typically do, and, even more, the car companies that usually make major improvements in their models with at least five years.
The company is recognized by introduce constantly updates risky in constant innovation, following the vision of Musk to the company, such as, for example, to venture in the mass production of cars with the autopilot in the near future.
according To Panasonic, the exclusive supplier of batteries for Tesla and partner in the long-term, the two companies are planning to extend their business relations. The CEO of Panasonic, Kazuhiro Tsuga had already mentioned the company’s interest in increasing ties with Tesla to include the provision of additional hardware for the company of cars such as a new technology known as "organic photoconductive film CMOS image sensors", which is more commonly used for detention of high-speed objects without distortion.
Musk was also announced as part of the council of executive leaders to the president of the United States Donald Trump, a time that currently the CEO is expanding the production of Tesla both in California and in Nevada, creating the 6,500 jobs after the construction of the factory, in agreement with the plan of Trump to bring back to the nation’s jobs in manufacturing.
stock performance
During the last 12 weeks, the company has already seen a growth of 22,38% in the market and in the last 6 months an increase of 6,39%. Its current market capitalization is in US$ 39,37 billion. Meanwhile, the company’s shares outperformed the index in the last week of 3,09% additional growth of 14,33% in the last four weeks.
Tesla also has grown beyond the Relative Strenght Index (RSI) level 70 and is currently at the level of overbought-79.82
Although Tesla has lost its deliveries of vehicles for the fourth fiscal quarter of 2016, in line with forecasts weak throughout the quarter, the company’s shares still envision an optimistic future, and can take by surprise investors and analysts with predictions of low.
analysts at Morgan Stanley (NYSE:) put a rating of "purchase" in the action after that Tesla announced a series of plans that are positive for the future of the company. Previously the analyst had downgraded the price target of the action of the Tesla’s US$ 450 to US$ 242 due to the poor performance in 2016, however the price of the stock rose to$ 305 demonstrated that the Tesla is ready for a better year.
Conclusion
investors can still optimistic in regards to the actions of the Tesla, since up to now in this first month of 2017, the company’s shares have been performing strongly with significant increases in consistent and currently realizes an improvement in his behavior session-after-session.
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