According to Zacks, “Tesla’s estimates have been going down lately. The company has a negative record of surprises in recent quarters. After missing delivery targets in the first two quarters, Tesla significantly increased production and delivery volumes in the third quarter. The company expects to marginally increase production and delivery volume in the fourth quarter. As a result, volumes are expected to be very close to the target of 50,000 units for the second half. Tesla faces numerous headwinds, including continuous losses, high expenses and production constraints. Moreover, SolarCity’s high debt and cash outflows are concerns regarding the merger.”
A number of other equities analysts have also recently commented on the stock. RBC Capital Markets set a $210.00 price target on shares of Tesla Motors and gave the stock a hold rating in a research note on Thursday, July 21st. Morgan Stanley reaffirmed an equal weight rating and set a $245.00 price target on shares of Tesla Motors in a research note on Thursday, July 14th. Barclays PLC set a $165.00 price target on shares of Tesla Motors and gave the stock a sell rating in a research note on Tuesday, July 19th. Vetr cut shares of Tesla Motors from a buy rating to a hold rating and set a $216.16 price target for the company. in a research note on Monday, September 26th. Finally, Global Equities Research reaffirmed an overweight rating and set a $385.00 price target on shares of Tesla Motors in a research note on Friday, July 1st. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $246.30.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 196.51 on Wednesday. The firm has a 50-day moving average of $203.90 and a 200-day moving average of $220.74. Tesla Motors has a one year low of $141.05 and a one year high of $269.34. The stock’s market cap is $29.22 billion.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The business earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned ($0.48) earnings per share. The business’s quarterly revenue was up 30.5% on a year-over-year basis. On average, equities research analysts expect that Tesla Motors will post ($0.93) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 62 shares in the last quarter. Trust Co. of Vermont boosted its position in Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock worth $114,000 after buying an additional 95 shares in the last quarter. Toronto Dominion Bank boosted its position in Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock worth $115,000 after buying an additional 1,305 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock worth $116,000 after buying an additional 180 shares in the last quarter. Finally, D. Scott Neal Inc. boosted its position in Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock worth $121,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.62% of the company’s stock.
Tesla Motors Company Profile
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
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