Investors 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

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group Inc. upped their target price on shares of Tesla Motors from $202.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, April 25th. Deutsche Bank AG restated a “hold” rating and issued a $290.00 target price (up previously from $280.00) on shares of Tesla Motors in a report on Tuesday, May 3rd. Stifel Nicolaus restated a “buy” rating and issued a $325.00 target price on shares of Tesla Motors in a report on Tuesday, May 3rd. Vetr upgraded shares of Tesla Motors from a “sell” rating to a “hold” rating and set a $238.61 target price on the stock in a report on Monday, May 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $300.00 target price on shares of Tesla Motors in a report on Saturday, April 30th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Tesla Motors presently has an average rating of “Hold” and an average price target of $256.94.

The firm’s 50 day moving average price is $224.67 and its 200 day moving average price is $216.87. The company’s market cap is $33.46 billion.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results 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 company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company posted ($0.48) EPS. The business’s 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 other Tesla Motors news, CEO Elon Musk sold 2,782,670 shares of the 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the 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 transaction, the vice president now owns 12,292 shares of the company’s stock, valued at approximately $2,838,468.64. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in TSLA. Suntrust Banks Inc. raised its position 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 during the period. Calvert Investment Management Inc. raised its position 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 during the period. Cornerstone Capital Management Holdings LLC. raised its position 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 during the period. Schroder Investment Management Group raised its position 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 during the period. Finally, US Bancorp DE raised its position 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 during the period.

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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