Several other equities research analysts have also commented on TSLA. Argus restated a buy rating and set a $333.00 target price on shares of Tesla Motors in a research report on Wednesday, June 1st. Vetr upgraded Tesla Motors from a buy rating to a strong-buy rating and set a $251.08 target price on the stock in a research report on Wednesday, June 1st. Sterne Agee CRT initiated coverage on Tesla Motors in a research report on Thursday, June 2nd. They set a buy rating and a $300.00 target price on the stock. Zacks Investment Research lowered Tesla Motors from a hold rating to a sell rating in a research report on Wednesday, June 8th. Finally, Piper Jaffray Cos. initiated coverage on Tesla Motors in a research report on Thursday, June 9th. They set a neutral rating and a $223.00 target price on the stock. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $248.60.
Tesla Motors (NASDAQ:TSLA) opened at 204.03 on Wednesday. The firm’s 50 day moving average price is $209.82 and its 200 day moving average price is $222.47. The firm’s market cap is $30.34 billion. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34.
Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.55. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company earned ($0.48) EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts anticipate that Tesla Motors will post ($0.93) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Baillie Gifford & Co. increased its position in shares of Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock worth $2,773,818,000 after buying an additional 1,137,759 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock worth $1,038,976,000 after buying an additional 578,459 shares in the last quarter. Bloom Tree Partners LLC acquired a new position in shares of Tesla Motors during the first quarter worth about $59,515,000. State Treasurer State of Michigan increased its position in shares of Tesla Motors by 224.0% in the second quarter. State Treasurer State of Michigan now owns 339,623 shares of the electric vehicle producer’s stock worth $72,095,000 after buying an additional 234,802 shares in the last quarter. Finally, Blue Ridge Capital L.L.C. acquired a new position in shares of Tesla Motors during the second quarter worth about $40,596,000. Institutional investors own 66.62% of the company’s stock.
About Tesla Motors
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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