Shares of Tesla Inc (NASDAQ:TSLA) have earned a consensus rating of “Hold” from the forty-one analysts that are covering the stock, MarketBeat.com reports. Eighteen equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $258.84.

TSLA has been the subject of a number of research reports. Citigroup reduced their price target on shares of Tesla from $238.00 to $191.00 and set a “sell” rating for the company in a research report on Wednesday, May 22nd. Nord/LB reissued a “sell” rating and issued a $200.00 price target on shares of Tesla in a research report on Thursday, July 25th. Cowen set a $140.00 price target on shares of Tesla and gave the company a “sell” rating in a research report on Wednesday, July 3rd. CIBC reduced their price target on shares of Tesla from $437.00 to $356.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Morgan Stanley reduced their price target on shares of Tesla to $230.00 and set an “equal weight” rating for the company in a research report on Monday, July 29th.

Shares of TSLA stock traded down $1.23 on Thursday, reaching $245.87. 8,565,095 shares of the stock were exchanged, compared to its average volume of 9,265,996. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average price is $227.96 and its 200 day moving average price is $241.79. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of -42.98 and a beta of 0.54. Tesla has a twelve month low of $176.99 and a twelve month high of $379.49.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the firm posted ($3.06) EPS. The business’s revenue for the quarter was up 58.7% on a year-over-year basis. Equities research analysts forecast that Tesla will post -7.51 earnings per share for the current year.

In related news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $223.51, for a total transaction of $3,352,650.00. Following the completion of the transaction, the insider now directly owns 306,098 shares of the company’s stock, valued at $68,415,963.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Kirkhorn sold 150 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $224.00, for a total transaction of $33,600.00. Following the transaction, the chief financial officer now directly owns 9,812 shares of the company’s stock, valued at $2,197,888. The disclosure for this sale can be found here. Insiders have sold 30,300 shares of company stock valued at $6,881,352 over the last three months. 24.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. Dimensional Fund Advisors LP grew its position in Tesla by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 102,459 shares of the electric vehicle producer’s stock worth $34,103,000 after buying an additional 2,076 shares during the period. Comerica Bank grew its position in shares of Tesla by 24.7% in the first quarter. Comerica Bank now owns 5,868 shares of the electric vehicle producer’s stock valued at $1,620,000 after purchasing an additional 1,163 shares during the last quarter. First Allied Advisory Services Inc. grew its position in shares of Tesla by 12.6% in the first quarter. First Allied Advisory Services Inc. now owns 7,118 shares of the electric vehicle producer’s stock valued at $1,998,000 after purchasing an additional 798 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Tesla by 72.2% in the first quarter. Cetera Investment Advisers now owns 1,283 shares of the electric vehicle producer’s stock valued at $360,000 after purchasing an additional 538 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in shares of Tesla by 5.5% in the first quarter. Cetera Advisors LLC now owns 4,378 shares of the electric vehicle producer’s stock valued at $1,225,000 after purchasing an additional 229 shares during the last quarter. 54.44% of the stock is owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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