Guggenheim reissued their buy rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research note issued to investors on Friday. The brokerage currently has a $430.00 price target on the electric vehicle producer’s stock.

Several other analysts also recently weighed in on the company. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a $180.00 price target (down previously from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Citigroup Inc. started coverage on Tesla in a research note on Thursday, July 20th. They set a neutral rating and a $357.00 price target on the stock. Morgan Stanley reiterated a hold rating and set a $317.00 price target on shares of Tesla in a research note on Thursday, September 7th. Robert W. Baird reiterated an outperform rating and set a $368.00 price target on shares of Tesla in a research note on Wednesday, July 5th. Finally, Vetr upgraded Tesla from a buy rating to a strong-buy rating and set a $361.76 price target on the stock in a research note on Monday, July 10th. Ten analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $326.94.

Tesla (NASDAQ:TSLA) opened at 342.94 on Friday. The company’s market cap is $57.23 billion. Tesla has a 12-month low of $178.19 and a 12-month high of $389.61. The firm has a 50-day moving average price of $354.06 and a 200-day moving average price of $335.86.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. The business 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 16.36% and a negative net margin of 7.61%. The company’s quarterly revenue was up 119.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.06) EPS. On average, analysts forecast that Tesla will post ($6.41) earnings per share for the current fiscal year.

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In related news, Director Stephen T. Jurvetson sold 44,777 shares of the 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 transaction, the director now directly owns 36,111 shares in the company, valued at $12,290,739.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $355.20, for a total value of $777,888.00. Following the completion of the transaction, the director now owns 158,584 shares of the company’s stock, valued at $56,329,036.80. The disclosure for this sale can be found here. Insiders sold 51,446 shares of company stock valued at $17,504,929 over the last quarter. 23.10% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Pittenger & Anderson Inc. grew its position in Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after acquiring an additional 50 shares during the period. SRS Capital Advisors Inc. grew its position in Tesla by 1,213.3% in the first quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock worth $109,000 after acquiring an additional 364 shares during the period. Winfield Associates Inc. grew its position in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after acquiring an additional 150 shares during the period. Acropolis Investment Management LLC purchased a new position in Tesla in the second quarter worth approximately $122,000. Finally, North Star Investment Management Corp. grew its position in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after acquiring an additional 9 shares during the period. Institutional investors own 56.63% of the company’s stock.

About Tesla

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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