Tesla Motors Inc. (TSLA) Shares Down 1.6%
Tesla Motors Inc. (NASDAQ:TSLA) fell 1.6% on Monday . The stock traded as low as $215.21 and last traded at $216.57, with a volume of 2,035,656 shares changing hands. The stock had previously closed at $219.99.
Several brokerages have weighed in on TSLA. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $250.00 price target (up previously from $245.00) on shares of Tesla Motors in a research report on Thursday, May 5th. Deutsche Bank AG reissued a “hold” rating and set a $290.00 price target (up previously from $280.00) on shares of Tesla Motors in a research report on Tuesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of Tesla Motors in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $385.00 price target (up previously from $222.56) on shares of Tesla Motors in a research report on Thursday, May 5th. Finally, Pacific Crest reissued a “sector weight” rating on shares of Tesla Motors in a research report on Wednesday, June 22nd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $257.08.
The firm’s market cap is $31.19 billion. The firm has a 50 day moving average of $224.97 and a 200 day moving average of $220.75.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share 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 the consensus estimate of $1.67 billion. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.48) EPS. On average, equities analysts forecast that Tesla Motors Inc. will post ($0.84) EPS for the current fiscal year.
In related news, VP John Douglas Field sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $230.92, for a total value of $230,920.00. Following the transaction, the vice president now owns 12,292 shares in the company, valued at approximately $2,838,468.64. The sale was disclosed in a filing with the SEC, which is available 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 completion of the transaction, 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.
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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