Tesla Motors Inc. (NASDAQ:TSLA) shares fell 3.3% during mid-day trading on Thursday . The stock traded as low as $220.50 and last traded at $220.87, with a volume of 2,607,249 shares changing hands. The stock had previously closed at $228.36.

Several research firms have issued reports on TSLA. Standpoint Research cut Tesla Motors from a “hold” rating to a “sell” rating and set a $180.00 price target on the stock. in a report on Thursday, April 7th. Deutsche Bank AG reissued a “hold” rating and set a $280.00 target price on shares of Tesla Motors in a research note on Tuesday, April 5th. FBN Securities reissued an “outperform” rating and set a $325.00 target price on shares of Tesla Motors in a research note on Tuesday, April 5th. Barclays PLC reissued an “underweight” rating and set a $165.00 target price on shares of Tesla Motors in a research note on Wednesday, April 6th. Finally, Vetr downgraded shares of Tesla Motors from a “sell” rating to a “strong sell” rating and set a $223.56 target price on the stock. in a research note on Wednesday, April 6th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Tesla Motors has a consensus rating of “Hold” and an average target price of $257.01.

The stock’s market cap is $29.53 billion. The company’s 50 day moving average price is $217.08 and its 200-day moving average price is $213.43.

Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, May 4th. The electric vehicle producer reported ($0.57) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.04. The firm earned $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted ($0.36) earnings per share. Tesla Motors’s revenue was up 45.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tesla Motors Inc. will post $0.35 earnings per share for the current year.

In related news, Director Kimbal Musk sold 460 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $224.37, for a total value of $103,210.20. Following the sale, the director now directly owns 151,865 shares of the company’s stock, valued at $34,073,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,867,709.77. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in TSLA. Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 in the last quarter. J. Goldman & Co LP increased 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 in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake 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 increased its stake 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. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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.

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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