Traders sold shares of Tesla Motors Inc. (NASDAQ:TSLA) on strength during trading on Thursday. $97.83 million flowed into the stock on the tick-up and $111.14 million flowed out of the stock on the tick-down, for a money net flow of $13.31 million out of the stock. Of all equities tracked, Tesla Motors had the 0th highest net out-flow for the day. Tesla Motors traded up $0.27 for the day and closed at $223.51

Several analysts recently issued reports on TSLA shares. RBC Capital Markets set a $210.00 price objective on Tesla Motors and gave the stock a “hold” rating in a report on Thursday, July 21st. Morgan Stanley reiterated an “equal weight” rating and set a $245.00 price objective on shares of Tesla Motors in a report on Thursday, July 14th. Barclays PLC set a $165.00 target price on Tesla Motors and gave the company a “sell” rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. raised their target price on Tesla Motors from $202.00 to $245.00 and gave the company a “neutral” rating in a report on Monday, April 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $290.00 target price on shares of Tesla Motors in a report on Monday, July 25th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $256.94.

The company has a 50 day moving average price of $224.31 and a 200-day moving average price of $216.66. The firm’s market capitalization is $33.23 billion.

Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned ($0.48) EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts forecast that Tesla Motors Inc. will post ($0.84) earnings per share for the current fiscal year.

In related news, CEO Elon Musk sold 2,782,670 shares of the stock in a transaction that occurred 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 accessible through this link. Also, Director Kimbal Musk sold 460 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $224.37, for a total transaction of $103,210.20. Following the sale, the director now owns 151,865 shares in the company, valued at approximately $34,073,950.05. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of TSLA. 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. Calvert Investment Management Inc. raised its stake in Tesla Motors by 24.9% in the fourth quarter. Calvert Investment Management Inc. now owns 4,729 shares of the electric vehicle producer’s stock valued at $1,135,000 after buying an additional 942 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. 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. Finally, 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.

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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