Tesla Motors Inc. (NASDAQ:TSLA)’s share price shot up 2.5% during mid-day trading on Monday . The stock traded as high as $226.30 and last traded at $225.93, with a volume of 2,123,913 shares trading hands. The stock had previously closed at $220.40.

Several brokerages have recently issued reports on TSLA. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $340.00 price objective on shares of Tesla Motors in a report on Saturday, April 2nd. Evercore ISI reaffirmed a “buy” rating and issued a $310.00 price target on shares of Tesla Motors in a report on Saturday, April 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $300.00 price target on shares of Tesla Motors in a report on Saturday, April 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $290.00 price target (up previously from $280.00) on shares of Tesla Motors in a report on Tuesday, May 3rd. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tesla Motors in a report on Thursday, May 5th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $258.89.

The stock has a 50-day moving average price of $216.60 and a 200-day moving average price of $213.68. The company’s market cap is $30.30 billion.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, May 4th. The electric vehicle producer reported ($0.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.04. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted ($0.36) earnings per share. The firm’s revenue for the quarter was up 45.1% on a year-over-year basis. On average, equities research analysts expect that Tesla Motors Inc. will post $0.35 EPS for the current year.

In related news, VP John Douglas Field sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $253.13, for a total transaction of $253,130.00. Following the completion of the sale, the vice president now directly owns 11,329 shares of the company’s stock, valued at approximately $2,867,709.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brad W. Buss sold 15,333 shares of the company’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $207.75, for a total transaction of $3,185,430.75. Following the sale, the director now directly owns 9,215 shares of the company’s stock, valued at $1,914,416.25. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. J. Goldman & Co LP boosted its stake in shares of Tesla Motors by 307.7% in the fourth quarter. J. Goldman & Co LP now owns 31,152 shares of the electric vehicle producer’s stock worth $7,477,000 after buying an additional 46,152 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Tesla Motors by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 8,375 shares of the electric vehicle producer’s stock worth $2,010,000 after buying an additional 35 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Tesla Motors by 5.7% in the fourth quarter. Schroder Investment Management Group now owns 10,609 shares of the electric vehicle producer’s stock worth $2,547,000 after buying an additional 570 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Tesla Motors by 16.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 12,903 shares of the electric vehicle producer’s stock worth $3,097,000 after buying an additional 1,849 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of 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 worth $1,008,000 after buying an additional 800 shares in 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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