Tesla Motors Inc. (NASDAQ:TSLA) shares were up 4.3% during mid-day trading on Monday . The stock traded as high as $226.78 and last traded at $226.07, with a volume of 3,595,746 shares traded. The stock had previously closed at $216.78.

Several research analysts have issued reports on TSLA shares. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Tesla Motors in a report on Thursday, March 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $170.00 target price (up previously from $155.00) on shares of Tesla Motors in a research report on Tuesday, April 19th. FBN Securities reiterated an “outperform” rating and set a $325.00 target price on shares of Tesla Motors in a research report on Tuesday, April 5th. Argus upgraded shares of Tesla Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $232.74 to $333.00 in a research report on Monday, March 21st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $333.00 target price on shares of Tesla Motors in a research report on Wednesday, June 22nd. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Tesla Motors currently has an average rating of “Hold” and a consensus target price of $258.89.

The firm’s 50-day moving average is $216.54 and its 200-day moving average is $213.62. The company’s market cap is $29.73 billion.

Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, May 4th. The electric vehicle producer reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.04. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. The firm’s revenue for the quarter was up 45.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.36) earnings per share. Equities analysts anticipate that Tesla Motors Inc. will post $0.50 earnings per share for the current year.

In related news, CEO Elon Musk sold 2,782,670 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $213.22, for a total transaction of $593,320,897.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 460 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $224.37, for a total transaction of $103,210.20. Following the transaction, the director now owns 151,865 shares in the company, valued at $34,073,950.05. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in TSLA. Cornerstone Capital Management Holdings LLC. boosted its position in Tesla Motors by 23.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 4,200 shares of the electric vehicle producer’s stock valued at $1,008,000 after buying an additional 800 shares during the period. Korea Investment CORP boosted its position in Tesla Motors by 6.0% in the fourth quarter. Korea Investment CORP now owns 5,300 shares of the electric vehicle producer’s stock worth $1,272,000 after buying an additional 300 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Tesla Motors by 74.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,790 shares of the electric vehicle producer’s stock worth $1,390,000 after buying an additional 2,477 shares during the last quarter. Tredje AP fonden boosted its position in Tesla Motors by 2.0% in the fourth quarter. Tredje AP fonden now owns 6,235 shares of the electric vehicle producer’s stock worth $1,496,000 after buying an additional 121 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Tesla Motors by 2.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,770 shares of the electric vehicle producer’s stock worth $1,625,000 after buying an additional 182 shares during the last quarter.

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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