Tesla Motors Inc. (NASDAQ:TSLA)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a research report issued on Thursday. They presently have a $245.00 price objective on the electric vehicle producer’s stock. Morgan Stanley’s price target would suggest a potential upside of 24.68% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Oppenheimer Holdings Inc. reissued a “” rating on shares of Tesla Motors in a report on Monday, July 25th. Vetr lowered shares of Tesla Motors from a “strong-buy” rating to a “buy” rating and set a $221.86 price target on the stock. in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $240.00 price target on shares of Tesla Motors in a report on Wednesday, July 6th. Finally, Robert W. Baird reissued a “buy” rating and issued a $338.00 price target on shares of Tesla Motors in a report on Monday, August 1st. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $246.30.
Tesla Motors (NASDAQ:TSLA) opened at 196.51 on Thursday. The firm’s market cap is $29.22 billion. Tesla Motors has a one year low of $141.05 and a one year high of $269.34. The stock’s 50 day moving average is $203.90 and its 200 day moving average is $220.74.
Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. Tesla Motors’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the business earned ($0.48) EPS. On average, analysts predict that Tesla Motors will post ($0.93) earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. National Pension Service increased its position in Tesla Motors by 4.2% in the first quarter. National Pension Service now owns 54,760 shares of the electric vehicle producer’s stock valued at $12,582,000 after buying an additional 2,190 shares during the period. Bloom Tree Partners LLC bought a new position in Tesla Motors during the first quarter valued at approximately $59,515,000. AMP Capital Investors Ltd increased its position in Tesla Motors by 5.2% in the first quarter. AMP Capital Investors Ltd now owns 28,453 shares of the electric vehicle producer’s stock valued at $6,456,000 after buying an additional 1,400 shares during the period. Nuveen Asset Management LLC increased its position in Tesla Motors by 96.6% in the first quarter. Nuveen Asset Management LLC now owns 25,914 shares of the electric vehicle producer’s stock valued at $5,954,000 after buying an additional 12,735 shares during the period. Finally, Mariner Wealth Advisors LLC increased its position in Tesla Motors by 53.5% in the first quarter. Mariner Wealth Advisors LLC now owns 1,363 shares of the electric vehicle producer’s stock valued at $313,000 after buying an additional 475 shares during the period. 66.62% of the stock is currently owned by hedge funds and other institutional investors.
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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