Tesla Inc. (NASDAQ: TSLA) shares went up 0.98% during the trading session of Thursday. The US auto safety regulator revealed today that it is closely monitoring the new software version of Tesla which enables the cars to drive itself. The US regulator said that it would not delay taking action for the safety of the public.
Tesla Inc. has earlier released the test or beta version of its ‘Full Self Driving’ software. JMP Securities has upgraded Tesla’s rating from market perform to outperform today. JMP has set the price target of $516 for Tesla’s stock. On the other hand, Robert W. Baird has upgraded the Tesla stock and maintained an outperform rating. Robert W. Baird lifted Tesla’s price target to $488 from $450.
Tesla Inc. (NASDAQ: TSLA) shares were trading up 0.98% at $426.79 at the time of writing on Thursday. Tesla Inc. (TSLA) share price went from a low point around $50.17 to briefly over $502.49 in the past 52 weeks. It has moved up 750.69% from its 52-weeks low and moved down -15.06% from its 52-weeks high.
TSLA has a trading volume of 15.84 million as compared to the average volume of 69.36 million. TSLA market cap has remained high, hitting $402.07 billion at the time of writing.
Tesla has earlier disclosed its 2020 third-quarter financial results. The company’s EPS of thrid quarter soared 105% to $0.76 year-on-year. This is the fifth consecutive quarter of profits of the company. TSLA has reported that its revenue increased by 39% to $8.8 billion. Its revenue has surpassed the analysts’ estimated revenue of $8.3 billion.
It has disclosed that the electric car maker has delivered 139,300 vehicles including 15,200 deliveries of Model S/X and 124,100 deliveries of Model 3/Y. It has produced 16,992 Model S/X cars and 128,044 Model 3/Y. The company reassured its plan to deliver 500,000 cars in 2020. After the third-quarter results, Wedbush analyst Daniel Ives maintained his Hold rating on the stock and set a price target of $500.