Tesla Motors Inc. (NASDAQ:TSLA) shares saw strong trading volume on Thursday . 5,281,745 shares were traded during trading, an increase of 102% from the previous session’s volume of 2,611,493 shares.The stock last traded at $203.02 and had previously closed at $212.01.

A number of analysts have recently commented on TSLA shares. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Tesla Motors in a research note on Saturday, July 9th. Pacific Crest reaffirmed a “sector weight” rating on shares of Tesla Motors in a research note on Wednesday, June 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $245.00 price target on shares of Tesla Motors in a research note on Wednesday, August 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $338.00 price target on shares of Tesla Motors in a research note on Wednesday, June 22nd. Finally, Oppenheimer Holdings Inc. cut Tesla Motors from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $264.75 to $195.00 in a research note on Wednesday, June 22nd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $257.12.

The stock’s 50-day moving average price is $223.36 and its 200-day moving average price is $220.38. The firm’s market cap is $29.41 billion.

Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The business earned $1.56 billion during the quarter, compared to analyst estimates of $1.67 billion. The firm’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) EPS. On average, equities analysts forecast that Tesla Motors Inc. will post ($0.84) EPS for the current year.

In other news, Director Kimbal Musk sold 460 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $224.37, for a total transaction of $103,210.20. Following the transaction, the director now directly owns 151,865 shares in the company, valued at approximately $34,073,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the stock in a transaction dated 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 $2,838,468.64. 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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