Vetr cut shares of Tesla Motors Inc. (NASDAQ:TSLA) from a buy rating to a hold rating in a research note published on Monday. Vetr currently has $200.43 target price on the electric vehicle producer’s stock.

A number of other research analysts also recently commented on the company. Morgan Stanley lowered their price objective on Tesla Motors from $245.00 to $242.00 and set an equal weight rating for the company in a research note on Wednesday, November 23rd. Berenberg Bank began coverage on Tesla Motors in a research note on Tuesday, November 22nd. They issued a hold rating and a $193.00 price target for the company. Robert W. Baird set a $338.00 price target on Tesla Motors and gave the stock a buy rating in a research note on Saturday, November 19th. S&P Equity Research reissued a sell rating on shares of Tesla Motors in a research note on Thursday, October 27th. Finally, Bank of America Corp. reissued a sell rating and issued a $155.00 price target on shares of Tesla Motors in a research note on Thursday, October 27th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $250.47.

Analyst Recommendations for Tesla Motors (NASDAQ:TSLA)

Shares of Tesla Motors (NASDAQ:TSLA) opened at 196.12 on Monday. The company’s 50-day moving average price is $194.21 and its 200-day moving average price is $210.21. The stock’s market cap is $29.40 billion. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34.

Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $1.25. The firm earned $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. Tesla Motors had a negative return on equity of 29.17% and a negative net margin of 14.74%. The firm’s revenue was up 145.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.58) EPS. Analysts expect that Tesla Motors will post ($2.04) earnings per share for the current year.

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In related news, insider Jeffrey B. Straubel sold 33,430 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the completion of the transaction, the insider now owns 359,655 shares in the company, valued at approximately $68,629,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 2,779 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $197.60, for a total value of $549,130.40. Following the transaction, the director now owns 154,644 shares of the company’s stock, valued at approximately $30,557,654.40. The disclosure for this sale can be found here. 27.70% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. D. Scott Neal Inc. increased its position in Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 100 shares during the period. Catawba Capital Management VA increased its position in Tesla Motors by 17.7% in the second quarter. Catawba Capital Management VA now owns 2,660 shares of the electric vehicle producer’s stock valued at $565,000 after buying an additional 400 shares during the period. Trust Co. of Vermont increased its position in Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares during the period. Nisa Investment Advisors LLC increased its position in Tesla Motors by 45.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the electric vehicle producer’s stock valued at $1,146,000 after buying an additional 1,700 shares during the period. Finally, Eqis Capital Management Inc. increased its position in Tesla Motors by 5.1% in the second quarter. Eqis Capital Management Inc. now owns 2,142 shares of the electric vehicle producer’s stock valued at $455,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 60.93% of the company’s stock.

Tesla Motors Company Profile

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.

5 Day Chart for NASDAQ:TSLA

To view Vetr’s full report, visit Vetr’s official website.

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