TSLA has been the subject of a number of other reports. Robert W. Baird set a $338.00 price target on Tesla Motors and gave the stock a buy rating in a research note on Wednesday, September 28th. Global Equities Research restated a buy rating and issued a $385.00 target price on shares of Tesla Motors in a research note on Monday, June 13th. Pacific Crest restated a hold rating and issued a $212.00 target price on shares of Tesla Motors in a research note on Monday, June 13th. Vetr downgraded Tesla Motors from a strong-buy rating to a buy rating and set a $247.13 target price for the company. in a research note on Monday, June 6th. Finally, Royal Bank Of Canada restated a sector perform rating and issued a $242.00 target price on shares of Tesla Motors in a research note on Wednesday, June 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Tesla Motors currently has a consensus rating of Hold and an average price target of $246.32.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 196.61 on Tuesday. Tesla Motors has a 12-month low of $141.05 and a 12-month high of $269.34. The firm’s market cap is $29.23 billion. The company has a 50 day moving average price of $207.24 and a 200-day moving average price of $221.71.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.48) earnings per share. Analysts expect that Tesla Motors will post ($0.93) EPS for the current year.
Several large investors have recently added to or reduced their stakes in TSLA. Aperio Group LLC raised its stake in Tesla Motors by 23.1% in the first quarter. Aperio Group LLC now owns 21,506 shares of the electric vehicle producer’s stock valued at $4,941,000 after buying an additional 4,040 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in Tesla Motors by 5.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 3,700 shares of the electric vehicle producer’s stock worth $850,000 after buying an additional 200 shares in the last quarter. Virginia Retirement System purchased a new position in Tesla Motors during the first quarter worth $366,000. Teachers Advisors Inc. raised its position in Tesla Motors by 4.9% in the first quarter. Teachers Advisors Inc. now owns 208,865 shares of the electric vehicle producer’s stock worth $47,991,000 after buying an additional 9,669 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in Tesla Motors by 1.5% in the first quarter. BlackRock Japan Co. Ltd now owns 121,847 shares of the electric vehicle producer’s stock worth $27,997,000 after buying an additional 1,796 shares in the last quarter. 66.62% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.