As reported by CNBC, a “key engineer” at Tesla Motors Inc (NASDAQ:TSLA), who is involved in the electric car maker company’s battery design, has left the company the report came late on Monday. Tesla Motors Inc (NASDAQ:TSLA) shares fell 0.5% in late trading, after ending the regular session up 2% on Monday.
The leaving engineer, Ernesto Villanueva, who holds “numerous” patents, and also helped design the battery modules at the company, that power all Tesla vehicles, left the car-maker company last year, CNBC said.
Tesla Inc (TSLA) has declined to respond immediately, and Villanueva could not be reached for comment, according to the report said.
Last week, the company filed to tap the asset-backed market, that is for the first time, company is concerned about its ability to turn out its Model 3 sedans, at the rate it has targeted.
On 29 January 2018, Tesla Motors Inc (NASDAQ:TSLA) stock price started the day at $339.85 and moved between $338.28 – 350.85 to finally close at $349.53. TSLA’s distance from 20 day simple moving average is 4.54% and distance from 50-Day simple moving average is 7.41%. In last 4 months performance of TSLA was 7.16% while its price to sale ratio is 5.38 and price to book ratio is 12.41.
Analysts expect Tesla Motors Inc (NASDAQ:TSLA) to report -2.43 EPS and has got OUTPERFORM rating from 3 of Thomson Reuters analysts and 5 analyst(s) given UNDERPERFORM rating. Analyst’s mean target price for TSLA is $314.17 while analysts mean recommendation is 3.00.