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Tale of the Tape

Zacks Equity Research

Investors are Betting Against Tesla Motors Inc (TSLA), Should You?
August 28, 2013


Trades from $3

Many investors appear to be quite bearish on Tesla Motors Inc (TSLA - Analyst Report), 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.