Vetr Top Raters Upgrade Tesla, Still 50% Bearish

Shares of Tesla Motors Inc TSLA lost more than 40 percent of their value between January 4 and February 10. However, between February 11 and March 24, they managed to regain more than 57 percent, taking the year-to-date losses to roughly 6 percent.

Following the recent run-up, top raters at the Vetr community have decided to upgrade their rating on the shares from 1.5 Stars to 2.0 Stars -- out of a possible 5.0 Star rating.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

Despite the increasing optimism, it should be noted that 50 percent of the crowd’s ratings are bearish. The crowd has set an average price target of $208 per share, which implies a 6.5 percent downside from current valuations.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.