The DailyPlay for March 27th is Tesla Motors, Inc. (TSLA). Tesla continues its strong bearish trend as it shows signs of negative momentum. With this in mind, TSLA looks to be heading lower towards $177.
The demand for TSLA vehicles have been declining both domestically and overseas. If you recall, they reported a loss of 13 cents per share for the fourth quarter of 2014. By most valuation metrics, including Price to Book, and Price to Sales, Tesla seems quite overvalued. With this slowing demand and decreasing market share, TSLA seems to be on track to miss the first quarter of 2015 earnings as well.