Traders bought shares of Tesla Motors Inc. (NASDAQ:TSLA) on weakness during trading on Thursday. $120.17 million flowed into the stock on the tick-up and $110.18 million flowed out of the stock on the tick-down, for a money net flow of $9.99 million into the stock. Of all equities tracked, Tesla Motors had the 14th highest net in-flow for the day. Tesla Motors traded down ($0.74) for the day and closed at $224.91

A number of research analysts have recently issued reports on TSLA shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $185.00 price objective (up from $170.00) on shares of Tesla Motors in a research note on Saturday, May 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a $290.00 price objective (up from $280.00) on shares of Tesla Motors in a research note on Tuesday, May 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $338.00 price objective on shares of Tesla Motors in a research note on Tuesday, July 5th. S&P Equity Research reaffirmed a “sell” rating on shares of Tesla Motors in a research note on Friday, May 20th. Finally, Royal Bank Of Canada reduced their price objective on Tesla Motors from $252.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 25th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Tesla Motors presently has an average rating of “Hold” and an average target price of $256.94.

The firm has a 50 day moving average price of $220.84 and a 200-day moving average price of $215.50. The firm’s market cap is $33.44 billion.

Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.55. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tesla Motors’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) EPS. Analysts anticipate that Tesla Motors Inc. will post ($0.84) earnings per share for the current year.

In related news, 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 transaction of $593,320,897.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $230.92, for a total transaction of $230,920.00. Following the sale, the vice president now owns 12,292 shares in the company, valued at approximately $2,838,468.64. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. raised its stake 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 in the last quarter. Schroder Investment Management Group raised its stake in 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 valued at $2,547,000 after buying an additional 570 shares in the last quarter. Suntrust Banks Inc. raised 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 valued at $1,820,000 after buying an additional 5,200 shares in the last quarter. US Bancorp DE raised its stake in Tesla Motors by 2.3% in the fourth quarter. US Bancorp DE now owns 12,189 shares of the electric vehicle producer’s stock valued at $2,925,000 after buying an additional 279 shares in the last quarter. Finally, Alta Park Capital LP purchased a new stake in Tesla Motors during the fourth quarter valued at approximately $3,360,000.

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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