Motorola Solutions, Inc. (MSI) Downgraded by Zacks Investment Research to “Hold”

Motorola Solutions, Inc. (NYSE:MSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this year. We expect the company to deliver an impressive bottom-line performance in the third quarter, driven by its strong product portfolio. Detailed results should be out on Nov 2. In keeping with its growth-by-acquisition strategy, the company completed the acquisition of Kodiak Networks, earlier in 2017. The buyout has strengthened its software product portfolio. However, currency related headwinds might hurt the stock going forward. Though positive on Motorola’s growth by acquisition strategy, we note that costs associated with the mergers are limiting bottom-line growth. The company’s weak balance sheet is also concerning.”

A number of other brokerages have also issued reports on MSI. Credit Suisse Group set a $95.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Thursday, July 27th. BMO Capital Markets increased their price target on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Deutsche Bank AG increased their price target on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Cowen and Company reaffirmed a “market perform” rating and set a $83.00 price target (up previously from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Motorola Solutions currently has an average rating of “Buy” and an average target price of $94.42.

Motorola Solutions (NYSE MSI) traded up 0.03% during mid-day trading on Monday, hitting $90.03. 133,337 shares of the stock traded hands. The stock’s 50 day moving average is $86.71 and its 200-day moving average is $86.45. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 23.74 and a beta of 0.31. Motorola Solutions has a 12 month low of $71.24 and a 12 month high of $93.75.

Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $1.03 earnings per share. Motorola Solutions’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Motorola Solutions will post $5.29 EPS for the current year.

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In other news, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the transaction, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Motorola Solutions by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 16,290,817 shares of the communications equipment provider’s stock valued at $1,413,066,000 after acquiring an additional 254,399 shares during the period. Lazard Asset Management LLC raised its stake in shares of Motorola Solutions by 6.7% in the 2nd quarter. Lazard Asset Management LLC now owns 9,589,218 shares of the communications equipment provider’s stock valued at $831,768,000 after acquiring an additional 600,229 shares during the period. State Street Corp raised its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock valued at $670,905,000 after acquiring an additional 135,926 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Motorola Solutions by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,458,346 shares of the communications equipment provider’s stock valued at $473,457,000 after acquiring an additional 110,330 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Motorola Solutions by 8.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,191,729 shares of the communications equipment provider’s stock valued at $190,111,000 after acquiring an additional 174,063 shares during the period. 87.38% of the stock is currently owned by institutional investors and hedge funds.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)

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Motorola Solutions, Inc. (MSI) Stock Rating Upgraded by Zacks Investment Research

Motorola Solutions, Inc. (NYSE:MSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $100.00 price target on the communications equipment provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.11% from the stock’s current price.

According to Zacks, “Shares of Motorola Solutions have outperformed its industry so far this year. The company has an impressive track record with respect to earnings having surpassed estimates in each of the preceding four quarters. We expect the company to deliver an impressive bottom-line performance in the third quarter as well, driven by its strong product portfolio. Detailed results should be out on Nov 2. The stock has seen the Zacks Consensus Estimate for third-quarter earnings being revised 2.2% upward over the last 90 days. In keeping with its growth-by-acquisition strategy, the company completed the acquisition of Kodiak Networks, earlier in 2017. The buyout has strengthened its software product portfolio. We are also impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks. However, currency related headwinds might hurt the stock going forward. The company’s high debt levels also remain a concern.”

A number of other brokerages have also commented on MSI. BMO Capital Markets upped their price objective on Motorola Solutions from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Cleveland Research raised Motorola Solutions from a “neutral” rating to a “buy” rating in a report on Friday, October 6th. Credit Suisse Group set a $95.00 price objective on Motorola Solutions and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Motorola Solutions in a report on Thursday, August 31st. Finally, BidaskClub raised Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $94.42.

Motorola Solutions (MSI) opened at 90.00 on Friday. Motorola Solutions has a one year low of $71.24 and a one year high of $93.75. The firm’s 50-day moving average price is $86.71 and its 200 day moving average price is $86.45. The firm has a market cap of $14.64 billion, a P/E ratio of 23.73 and a beta of 0.31.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Motorola Solutions will post $5.29 EPS for the current year.

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In related news, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares in the company, valued at approximately $2,037,333.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the sale, the executive vice president now owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in MSI. OppenheimerFunds Inc. lifted its position in shares of Motorola Solutions by 7.9% during the 1st quarter. OppenheimerFunds Inc. now owns 8,907 shares of the communications equipment provider’s stock worth $768,000 after buying an additional 650 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Motorola Solutions by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 505,499 shares of the communications equipment provider’s stock worth $43,584,000 after buying an additional 8,984 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Motorola Solutions by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 397,623 shares of the communications equipment provider’s stock worth $34,277,000 after buying an additional 17,454 shares during the last quarter. Morgan Stanley lifted its position in shares of Motorola Solutions by 75.0% during the 1st quarter. Morgan Stanley now owns 677,413 shares of the communications equipment provider’s stock worth $58,406,000 after buying an additional 290,336 shares during the last quarter. Finally, United Capital Financial Advisers LLC bought a new stake in shares of Motorola Solutions during the 1st quarter worth $446,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

Analyst Recommendations for Motorola Solutions (NYSE:MSI)




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Symantec Corporation (NASDAQ:SYMC) Lowered to Sell at Zacks Investment Research

Symantec Corporation (NASDAQ:SYMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, October 3rd.

According to Zacks, “Estimates for Internet security provider, Symantec have been stable off late. Shares of the company have underperformed the industry over the past six months. The company faces increased competition from bellwethers such as Microsoft and Intel. Other small and medium-sized companies like Kaspersky, Trend Micro and VMware are consistently launching comparable products. Also, fluctuation in demand poses challenges for Symantec. Nonetheless, investment in growth areas such as Enterprise Backup, Storage Management and Security businesses are likely to boost Symantec’s long-term prospects. Additionally, restructuring initiatives and synergies from acquisitions are likely to support the company’s bottom line.”

Several other equities analysts have also commented on SYMC. Barclays PLC reiterated an “overweight” rating and set a $36.00 price objective (down from $38.00) on shares of Symantec Corporation in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $32.00 price objective on shares of Symantec Corporation in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a research report on Monday, July 31st. BidaskClub upgraded Symantec Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Symantec Corporation in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.52.

Symantec Corporation (NASDAQ SYMC) traded up 1.44% on Tuesday, hitting $32.36. The stock had a trading volume of 3,356,123 shares. The company’s market cap is $19.83 billion. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.20. The company has a 50-day moving average of $32.23 and a 200 day moving average of $30.54.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. Symantec Corporation’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. On average, analysts predict that Symantec Corporation will post $1.80 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Symantec Corporation (NASDAQ:SYMC) Lowered to Sell at Zacks Investment Research” was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/15/symantec-corporation-symc-downgraded-by-zacks-investment-research.html.

In related news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total value of $64,565.55. Following the completion of the sale, the senior vice president now owns 115,997 shares of the company’s stock, valued at $3,462,510.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the completion of the sale, the insider now directly owns 1,605,757 shares of the company’s stock, valued at approximately $46,310,031.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,662,816 shares of company stock valued at $48,437,529. 1.30% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in Symantec Corporation by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after acquiring an additional 292 shares during the last quarter. Sun Life Financial INC boosted its stake in Symantec Corporation by 44,100.0% in the second quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock valued at $125,000 after acquiring an additional 4,410 shares during the last quarter. Harfst & Associates Inc. bought a new position in Symantec Corporation in the second quarter valued at approximately $127,000. Johnson Financial Group Inc. boosted its stake in Symantec Corporation by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after acquiring an additional 325 shares during the last quarter. Finally, Yakira Capital Management Inc. bought a new position in Symantec Corporation in the first quarter valued at approximately $217,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

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Analyst Recommendations for Symantec Corporation (NASDAQ:SYMC)

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Dissecting the Investment Cases for Lumentum Holdings Inc. (LITE) and Motorola Solutions, Inc. (MSI) – Economics and money

Lumentum Holdings Inc. (NASDAQ:LITE) and Motorola Solutions, Inc. (NASDAQ:MSI) are both Technology companies that recently hit new highs. This price action has ruffled more than a few feathers in the investment community, but is one a better investment than the other? To answer this, we will compare the two companies across growth, profitability, risk, return, dividends, and valuation measures.

Lumentum Holdings Inc. (NASDAQ:LITE) operates in the Communication Equipment segment of the Technology sector. The company has grown sales at a 6.60% annual rate over the past five years, putting it in the medium growth category. LITE has a net profit margin of -10.30% and is less profitable than the average company in the Communication Equipment industry. In terms of efficiency, LITE has an asset turnover ratio of 1. This figure represents the amount of revenue a company generates per dollar of assets. LITE’s financial leverage ratio is 0.99, which indicates that the company’s asset base is primarily funded by equity capital. Company’s return on equity, which is really just the product of the company’s profit margin, asset turnover, and financial leverage ratios, is -19.70%, which is worse than the Communication Equipment industry average ROE.

Stock’s free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is -0.7. The average investment recommendation for LITE, taken from a group of Wall Street Analysts, is 2.10, or a buy.

Over the past three months, Lumentum Holdings Inc. insiders have been net sellers, acquiring a net of 35,279 shares. This implies that insiders have been feeling relatively bullish about the outlook for LITE. Motorola Solutions, Inc. (NYSE:MSI) operates in the Communication Equipment segment of the Technology sector. MSI has increased sales at a -5.90% CAGR over the past five years, and is considered a low growth stock. The company has a net profit margin of 10.40% and is more profitable than the average Communication Equipment player. MSI’s return on equity of -70.30% is worse than the Communication Equipment industry average.

Motorola Solutions, Inc. (MSI) pays a dividend of 1.88, which translates to dividend yield of 2.09% based on the current price. Stock has a payout ratio of 45.20%. According to this ratio, MSI should be able to continue making payouts at these levels. The company trades at a free cash flow yield of 0.28 and has a P/E of 23.71. Compared to the average company in the 12.56 space, MSI is relatively expensive. The average analyst recommendation for MSI is 2.30, or a buy.

Motorola Solutions, Inc. insiders have sold a net of -63,653 shares during the past three months, which implies that the company’s top executives have been feeling bearish about the stock’s outlook. Finally, MSI’s beta of 0.32 indicates that the stock has an below average level of market risk.

Lumentum Holdings Inc. (NASDAQ:LITE) scores higher than Motorola Solutions, Inc. (NYSE:MSI) on 8 of the 13 measures compared between the two companies. LITE has the better fundamentals, scoring higher on growth, efficiency and return metrics. LITE has better insider activity and sentiment signals.

Wall Street Morgan Stanley investment SpaceX

  • Space: the final investment opportunity. It sounds like science fiction, but Morgan Stanley is taking it seriously.
  • Elon Musk’s SpaceX is the key company, just as Tesla has been for electric and self-driving cars.
  • But investors should be wary of that story.

It was only a matter of time before Wall Start started to take serious note of the Final Frontier.

In a sprawling research report published Thursday by a team of Morgan Stanley analysts, the investment opportunities of space were considered in deep detail.

Driving much of this are of course Elon Musk and SpaceX, the private rocket company Musk serves as CEO of that is expected to go public in the next few years. Until it does, it is building investment confidence by firing off and recovering reusable rockets and charting a course to colonize Mars.

To that end, Adam Jonas, a Morgan Stanley auto analyst who is also bullish on another Musk company, Tesla, and its ability to create a $60 billion market cap and 1,200% return since its 2010 initial public offering, offers some sweeping thoughts on how space could become a trillion-dollar-plus opportunity.

Critical to his argument is the rapid development of enthusiasm about self-driving cars.

“The Autos & Shared Mobility team’s work on autonomous vehicles teaches us how quickly a topic can move from complete obscurity and skepticism to a dominant investor theme, influencing the allocation of many hundreds of billions in capital,” he wrote.

“With autonomous vehicles, it was a combination of technical milestones, capital markets events, and investment allocation that accelerated the topic. With space, we face a similar event path … with SpaceX sitting at the starting point.”

Don’t buy the hype

Elon Musk SpaceX Space XSpaceX CEO Elon Musk.REUTERS/Mario Anzuoni

The problem here is that space is actually nothing new. Launching satellites into orbit and even visiting distant worlds is still based on 1960s-era science. The computing power has greatly increased, but the physics is the same. And SpaceX’s current business is concentrated, in a practical sense, on lowering the cost of launching satellites.

Autonomous vehicles are new, but the “investor theme” Jonas highlights is largely a function of the former investment theme — electric cars — failing to gain the traction that was predicted in 2010, when some analysts maintained that 15% to 20% of the global auto fleet would be electric by 2020. It’s almost 2018, and the global market for EVs is only about 1%.

About a year ago, the investment narrative shifted, and autonomous mobility became all the rage.

The only way to directly invest in electric cars and self-driving vehicles is to buy Tesla stock, which explains why the company’s shares have boomed in 2017, up 65%. (One can invest in the technological supply chain for EVs and autonomy, of course, but those companies are largely hidden from consumer view, just as parts suppliers are in the auto industry.) SpaceX will be a similar story and could yield similar returns.

It’s the story that will hook investors, just as electric cars and self-driving vehicles have already. But what about making money? Morgan Stanley’s two-pronged thesis stipulates that future bandwidth demands will require more satellites and that space is on the verge of being more aggressively militarized.

Space doesn’t need to be disrupted

Weyland-YutaniScreenshot via YouTube/Alien Theory

A disruptive narrative about launching satellites into various orbits, in this context, is unnecessary. And from SpaceX’s perspective, it might be viewed as something of a swindle: The satellite business exists to fund the interplanetary missions, but it’s unclear whether the government is prepared to allow private companies to assume NASA’s role. In fact, SpaceX is probably counting on NASA to accept some type of cooperative model, as it has with space-station servicing contracts, to avoid that fight.

The weaponization-of-space story, which Morgan Stanley spends a substantial amount of time on in the report, is simply troubling from a moral perspective. It suggests a kind of Weyland-Yutani Corporation taken from the movies in a scenario that has usually been discussed in “Don’t do it!” terms. The ethical exploration of space has actually been legally and diplomatically considered since the 1960s.

Self-driving cars are a long way from being fully autonomous and making anybody any money, just as electric cars are very unlikely to take over the world. Investors should remember that whenever they’re told otherwise. They should also be skeptical that what is in fact a sluggish and halting story when applied to transportation will be any different when taken to the Final Frontier.

Get the latest Tesla stock price here.