The firm presently has a $341.74 target price on the electric vehicle producer's stock.
TSLA has been the subject of several analyst reports. Morgan Stanley restated a "hold" rating and set a $317.00 target price on shares of Tesla in a research report on Thursday, September 7th. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a "neutral" rating in a research report on Wednesday, September 20th. Goldman Sachs Group, Inc. Vetr raised shares of Tesla from a "strong sell" rating to a "sell" rating and set a $335.62 target price for the company in a research report on Tuesday, June 13th. Berenberg upgraded the shares of GXI in report on Thursday, April 14 to "Buy" rating. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The stock now has an average rating of "Hold" and an average target price of $312.81.
A potential shift in government policy and encouraging demand for luxury electric vehicles (EV) has left Tesla Inc. The company had a trading volume of 6,060,330 shares. The company's market cap is $56.90 billion. The company has a 50-day moving average price of $354.97 and a 200-day moving average price of $325.99. Tesla Motors Inc has $500 highest and $140 lowest target.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.43) by $0.26. The firm had revenue of $2.79 billion during 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 firm's quarterly revenue was up 119.6% compared to the same quarter past year. The firm's revenue for the quarter was up 88.2% on a year-over-year basis. Analysts predict that Tesla Inc will post ($1.63) EPS for the current fiscal year.
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In other news, Director Stephen T. Jurvetson sold 44,777 shares of the business's stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the transaction, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
In related news, Director Antonio J. Gracias sold 5,600 shares of the business's stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $286.28, for a total value of $715,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,946 shares of company stock worth $18,481,047 over the last 90 days. Acropolis Investment Management LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $122,000. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer's stock valued at $100,000 after buying an additional 237 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Tesla by 2.8% during the 2nd quarter. Cable Hill Partners LLC now owns 693 shares of the electric vehicle producer's stock valued at $139,000 after buying an additional 184 shares in the last quarter. Pittenger & Anderson Inc. grew its position in Tesla by 20.0% in the second quarter. First Manhattan Co. now owns 890 shares of the electric vehicle producer's stock valued at $181,000 after buying an additional 302 shares in the last quarter. Jnba Fin Advisors invested in 0% or 49 shares. Hightower Advisors Ltd Liability Corp has invested 0.12% of its portfolio in Tesla Inc (NASDAQ:TSLA). It increased, as 83 investors sold Tesla Inc shares while 159 reduced holdings. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock valued at $118,000 after purchasing an additional 150 shares during the last quarter.
Among 30 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 7 Sell and 12 Hold. The Company operates through two segments: automotive, and energy generation and storage.