Tesla Motors Inc. (TSLA) Given “Market Perform” Rating at Oppenheimer Holdings Inc.
TSLA has been the subject of a number of other research reports. Robert W. Baird set a $338.00 target price on Tesla Motors and gave the stock a buy rating in a report on Wednesday, September 28th. Global Equities Research restated a buy rating and set a $385.00 target price on shares of Tesla Motors in a report on Monday, June 13th. Pacific Crest restated a hold rating and set a $212.00 target price on shares of Tesla Motors in a report on Monday, June 13th. Vetr lowered Tesla Motors from a strong-buy rating to a buy rating and set a $247.13 target price for the company. in a report on Monday, June 6th. Finally, Royal Bank Of Canada restated a sector perform rating and set a $242.00 target price on shares of Tesla Motors in a report on Wednesday, June 22nd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $248.49.
Tesla Motors (NASDAQ:TSLA) opened at 211.41 on Tuesday. The firm has a 50-day moving average price of $209.08 and a 200-day moving average price of $222.26. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34. The company’s market cap is $31.43 billion.
Tesla Motors (NASDAQ:TSLA) last posted its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.48) EPS. On average, analysts forecast that Tesla Motors will post ($0.93) EPS for the current year.
Large investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of Tesla Motors by 4.1% in the first quarter. Legal & General Group Plc now owns 350,424 shares of the electric vehicle producer’s stock worth $80,517,000 after buying an additional 13,687 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Tesla Motors by 3.9% in the second quarter. Gabelli Funds LLC now owns 15,900 shares of the electric vehicle producer’s stock worth $3,375,000 after buying an additional 600 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Tesla Motors by 45.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the electric vehicle producer’s stock worth $1,146,000 after buying an additional 1,700 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Tesla Motors during the second quarter worth approximately $17,650,000. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Tesla Motors during the first quarter worth approximately $11,489,000. 66.62% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related stocks with our FREE daily email newsletter.