Investors sold shares of Tesla Inc (NASDAQ:TSLA) on strength during trading hours on Monday. $602.40 million flowed into the stock on the tick-up and $700.35 million flowed out of the stock on the tick-down, for a money net flow of $97.95 million out of the stock. Of all stocks tracked, Tesla had the 11th highest net out-flow for the day. Tesla traded up $1.54 for the day and closed at $351.56

Several analysts recently weighed in on TSLA shares. Vetr cut shares of Tesla from a “sell” rating to a “strong sell” rating and set a $298.58 target price on the stock. in a report on Tuesday, September 26th. Morgan Stanley reaffirmed a “hold” rating and issued a $317.00 target price on shares of Tesla in a report on Tuesday, September 26th. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $386.00 price target on shares of Tesla in a research note on Wednesday, September 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $411.00 price target on shares of Tesla in a research note on Friday, September 29th. Twelve analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $329.48.

The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The company has a market capitalization of $59,090.00, a PE ratio of -41.07 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. analysts forecast that Tesla Inc will post -11.38 earnings per share for the current fiscal year.

In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the transaction, the director now directly owns 154,419 shares in the company, valued at $51,003,051.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John Douglas Field sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the transaction, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,692 shares of company stock worth $5,026,873. Insiders own 23.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rikoon Group LLC lifted its holdings in shares of Tesla by 7.8% during the second quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock worth $249,000 after purchasing an additional 50 shares during the period. Linscomb & Williams Inc. lifted its holdings in shares of Tesla by 1.4% during the second quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock worth $2,397,000 after purchasing an additional 90 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Tesla by 21.6% during the second quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after purchasing an additional 95 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Tesla by 2.3% during the second quarter. Nordea Investment Management AB now owns 4,718 shares of the electric vehicle producer’s stock worth $1,706,000 after purchasing an additional 106 shares during the period. Finally, Gofen & Glossberg LLC IL lifted its holdings in shares of Tesla by 13.6% during the second quarter. Gofen & Glossberg LLC IL now owns 1,037 shares of the electric vehicle producer’s stock worth $375,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

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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.

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