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

TSLA has been the subject of a number of recent analyst reports. Evercore ISI reiterated a “buy” rating and issued a $310.00 target price on shares of Tesla Motors in a research note on Saturday, April 2nd. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $340.00 target price on shares of Tesla Motors in a research note on Saturday, April 2nd. Royal Bank Of Canada reiterated a “hold” rating on shares of Tesla Motors in a research note on Saturday, July 9th. Argus reiterated a “buy” rating and issued a $333.00 target price on shares of Tesla Motors in a research note on Wednesday, June 1st. Finally, Barclays PLC reiterated an “underweight” rating and issued a $165.00 target price on shares of Tesla Motors in a research note on Thursday, May 5th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $257.01.

The stock has a 50 day moving average of $217.20 and a 200 day moving average of $213.47. The firm’s market cap is $29.77 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, beating analysts’ consensus estimates of ($0.61) by $0.04. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business earned ($0.36) EPS. The company’s quarterly revenue was up 45.1% compared to the same quarter last year. Equities analysts expect that Tesla Motors Inc. will post $0.35 EPS for the current fiscal year.

In other news, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $253.13, for a total value of $253,130.00. Following the completion of the transaction, the vice president now owns 11,329 shares in the company, valued at $2,867,709.77. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Elon Musk sold 2,782,670 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $213.22, for a total value of $593,320,897.40. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Tesla Motors by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 4,128,703 shares of the electric vehicle producer’s stock worth $990,930,000 after buying an additional 155,561 shares in the last quarter. J. Goldman & Co LP boosted its stake in 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. Gabelli Funds LLC bought a new stake in Tesla Motors during the fourth quarter worth approximately $3,672,000. Mizuho Trust & Banking Co. Ltd. boosted its stake in Tesla Motors by 3.8% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 143,035 shares of the electric vehicle producer’s stock worth $34,055,000 after buying an additional 5,298 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Tesla Motors by 217.7% in the fourth quarter. Suntrust Banks Inc. now owns 7,589 shares of the electric vehicle producer’s stock worth $1,820,000 after buying an additional 5,200 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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