Former Tesla engineer charged with hacking and leaking data

If found guilty of all of them, he could face up to 11 years in prison. He has not yet entered a plea.

A 28-year-old Canadian citizen, Nima Kalbasi was arrested in Vermont last month as he crossed the border into the US, According to the News release on Thursday.

Prosecutors charge that Kalbasi obtained confidential communications and employee evaluations, shared the information with other Tesla employees and posted it online with misleading comments. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. The 1-year stock price history is in the range of $181.4 – $286.65. With the volume soaring to 4,193,044 shares, the last trade was called at $245.57. The stock has a 50-day moving average of $252.02 and a 200-day moving average of $234.44.

Analysts at Zacks have given a short term rating of hold on Tesla Motors, Inc. The Auto-Cars & Light Trucks company announced earnings per share of $-0.82 against a consensus Street estimate of $-1.39, beating the average estimate by $0.57. The unemployment rate decreased 5.1% lowest level for more than seven years, but the economists are more anxious about slow job creation. How he managed to get ahold of those credentials is not mentioned in the indictment. Finally, TheStreet upgraded Tesla Motors from a sell rating to a hold rating in a report on Wednesday, May 6th. The standard deviation of the price stands at $79.77.

A recent analyst activity consisted of Morgan Stanley reiterating their Overweight stance on August 17. Vetr lowered Tesla Motors from a strong-buy rating to a buy rating and set a $266.59 target price on the stock.in a research report on Monday, August 17th. This corresponds to a 89.36% upside from the last closing price.