According to an August 23rd filing by Tesla Inc (TSLA), Jon McNeill, the companys global sales and service president will be paid $700 000, in case specific targets are met in 2017.
Tesla shares closed higher for a third consecutive trading session on Thursday. The stock inched up 0.05% ($0.16) to $352.93, after touching an intraday high at $356.66, or a price level not seen since August 17th ($363.30). In the week ended on August 20th the shares of the electric car manufacturer lost 2.91% of their market value compared to a week ago, which marked the first drop in the past six weeks. The stock has extended its advance to 9.11% so far during the current month, following a 10.55% slump in July. The latter has been the first drop in the past five months and also the steepest one since January 2016. For the entire past year, the shares of the NASDAQ-listed electric car maker lost 10.97%. However, the stock has gained 65.16% so far during 2017.
The sales executive is to receive the above mentioned amount, if particular operational and financial metrics associated with vehicle service performance, customer satisfaction scores as well as vehicle delivery objectives in Q3 and Q4 of 2017 are met.
According to Tesla, the payment will be made in cash, stock options or restricted stock units.
Earlier in August, CEO Elon Musk said that the company would encounter months of “manufacturing hell”, as it expands its Model 3 production.
Along with continuing production of Model X and Model S, Tesla may end up challenged, as it has been trying to enhance service for all its new vehicles.
According to CNN Money, the 20 analysts, offering 12-month forecasts regarding Tesla Inc’s stock price, have a median target of $322.50, with a high estimate of $464.00 and a low estimate of $155.00. The median estimate is an 8.62% decrease compared to the closing price of $352.93 on August 24th.
The same media also reported that 9 out of 24 surveyed investment analysts had rated Tesla Inc’s stock as “Hold”, while 6 – as “Buy”. On the other hand, 6 analysts had recommended selling the stock.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the Tesla stock are presented as follows:
R1 – $353.56
R2 – $354.20
R3 (Range Resistance – Sell) – $354.83
R4 (Long Breakout) – $356.74
R5 (Breakout Target 1) – $358.96
R6 (Breakout Target 2) – $359.91
S1 – $352.30
S2 – $351.66
S3 (Range Support – Buy) – $351.03
S4 (Short Breakout) – $349.12
S5 (Breakout Target 1) – $346.90
S6 (Breakout Target 2) – $345.95
By using the traditional method of calculation, the weekly levels of importance for Tesla Inc (TSLA) are presented as follows:
Central Pivot Point – $353.64
R1 – $361.48
R2 – $375.50
R3 – $383.34
R4 – $391.18
S1 – $339.62
S2 – $331.78
S3 – $317.76
S4 – $303.74
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