Tesla Motors Inc. (NASDAQ:TSLA) was down 1.5% during trading on Monday . The company traded as low as $196.20 and last traded at $197.78, with a volume of 5,971,900 shares changing hands. The stock had previously closed at $200.77.

Several research analysts recently issued reports on TSLA shares. Robert W. Baird reaffirmed an “outperform” rating and set a $338.00 target price on shares of Tesla Motors in a research report on Tuesday, July 5th. S&P Equity Research reaffirmed a “sell” rating on shares of Tesla Motors in a research report on Friday, May 20th. Royal Bank Of Canada cut their target price on Tesla Motors from $252.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 25th. Piper Jaffray Cos. started coverage on Tesla Motors in a research report on Thursday, June 9th. They set a “neutral” rating and a $223.00 target price on the stock. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $240.00 target price on shares of Tesla Motors in a research report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Tesla Motors currently has an average rating of “Hold” and a consensus target price of $257.12.

The company’s 50 day moving average is $223.36 and its 200 day moving average 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The business earned $1.56 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned ($0.48) EPS. Tesla Motors’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts anticipate that Tesla Motors Inc. will post ($0.84) earnings per share for the current year.

In other news, Director Kimbal Musk sold 460 shares of Tesla Motors stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $224.37, for a total transaction of $103,210.20. Following the completion of the sale, the director now owns 151,865 shares of the company’s stock, valued at $34,073,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Douglas Field sold 1,000 shares of Tesla Motors stock in a transaction that occurred 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 directly 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.

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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