Investors bought shares of Tesla Inc (NASDAQ:TSLA) on weakness during trading on Monday. $319.65 million flowed into the stock on the tick-up and $305.35 million flowed out of the stock on the tick-down, for a money net flow of $14.30 million into the stock. Of all companies tracked, Tesla had the 26th highest net in-flow for the day. Tesla traded down ($0.50) for the day and closed at $355.40

A number of equities analysts have commented on the stock. Deutsche Bank AG restated a “hold” rating and issued a $320.00 price target (up from $240.00) on shares of Tesla in a research report on Tuesday. Argus restated a “hold” rating on shares of Tesla in a research report on Thursday, May 11th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 price target on the stock in a research report on Wednesday, May 17th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Tesla from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company. Tesla presently has a consensus rating of “Hold” and an average target price of $313.70.

The firm’s 50 day moving average is $345.88 and its 200 day moving average is $318.62. The company’s market cap is $58.34 billion.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative return on equity of 26.74% and a negative net margin of 14.39%. The firm’s quarterly revenue was up 119.6% on a year-over-year basis. During the same quarter last year, the company earned ($1.06) EPS. On average, equities analysts predict that Tesla Inc will post ($6.18) EPS for the current year.

In other Tesla news, Director Kimbal Musk sold 4,690 shares of Tesla stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total value of $1,724,419.20. Following the sale, the director now owns 166,164 shares of the company’s stock, valued at approximately $61,095,179.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the sale, the director now directly owns 36,111 shares in the company, valued at approximately $12,290,739.96. The disclosure for this sale can be found here. Insiders have sold a total of 51,657 shares of company stock worth $17,668,497 in the last three months. 23.10% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC increased its stake in Tesla by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after acquiring an additional 4 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Tesla by 2.8% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Tesla by 2.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after purchasing an additional 9 shares during the last quarter. Clarius Group LLC increased its position in shares of Tesla by 0.3% during the 1st quarter. Clarius Group LLC now owns 4,625 shares of the electric vehicle producer’s stock valued at $1,287,000 after purchasing an additional 16 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its position in shares of Tesla by 2.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after purchasing an additional 18 shares during the last quarter. 56.67% of the stock is currently owned by institutional investors and hedge funds.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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