Tesla Motors Inc. (TSLA) Sees Unusually-High Trading Volume
Tesla Motors Inc. (NASDAQ:TSLA) shares saw strong trading volume on Thursday . 5,281,745 shares changed hands during mid-day 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.
Several equities research analysts have recently weighed in on the company. Vetr raised Tesla Motors from a “buy” rating to a “strong-buy” rating and set a $238.54 price target for the company in a research note on Monday, May 9th. Global Equities Research reissued a “buy” rating and issued a $385.00 price target on shares of Tesla Motors in a research note on Monday, June 13th. Pacific Crest reissued a “hold” rating and issued a $212.00 price target on shares of Tesla Motors in a research note on Monday, June 13th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $242.00 price target on shares of Tesla Motors in a research note on Wednesday, June 22nd. Finally, S&P Equity Research raised Tesla Motors from a “sell” rating to a “hold” rating and set a $200.00 price target for the company in a research note on Sunday, July 24th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Tesla Motors presently has an average rating of “Hold” and an average target price of $257.08.
The company’s market capitalization is $29.85 billion. The firm’s 50-day moving average is $224.02 and its 200 day moving average is $220.54.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.51) by $0.55. The company earned $1.56 billion during the quarter, compared to the consensus estimate of $1.67 billion. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, equities analysts anticipate that Tesla Motors Inc. will post ($0.84) EPS for the current year.
In related news, VP John Douglas Field sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $230.92, for a total value of $230,920.00. Following the transaction, the vice president now directly owns 12,292 shares of the company’s stock, valued at approximately $2,838,468.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 460 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $224.37, for a total value of $103,210.20. Following the completion of the transaction, the director now directly owns 151,865 shares in the company, valued at $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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