Global Equities Research restated their overweight rating on shares of Tesla Motors Inc. (NASDAQ:TSLA) in a report released on Tuesday. Global Equities Research currently has a $385.00 price target on the electric vehicle producer’s stock.

TSLA has been the topic of a number of other reports. Robert W. Baird reiterated an outperform rating and set a $338.00 price objective on shares of Tesla Motors in a research note on Sunday, September 4th. Pacific Crest reiterated a hold rating on shares of Tesla Motors in a research note on Wednesday, September 28th. Cowen and Company began coverage on Tesla Motors in a research note on Thursday, September 8th. They issued an underperform rating and a $160.00 target price on the stock. Vetr upgraded Tesla Motors from a hold rating to a buy rating and set a $216.13 target price on the stock in a research note on Tuesday, September 27th. Finally, Deutsche Bank AG restated a hold rating and issued a $290.00 target price on shares of Tesla Motors in a research note on Wednesday, June 22nd. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tesla Motors has an average rating of Hold and an average price target of $248.49.

Shares of Tesla Motors (NASDAQ:TSLA) traded up 0.64% during trading on Tuesday, hitting $212.76. The stock had a trading volume of 321,079 shares. 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 capitalization is $31.64 billion.

Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 firm posted ($0.48) earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. Equities analysts anticipate that Tesla Motors will post ($0.93) earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in Tesla Motors by 0.6% in the second quarter. Synovus Financial Corp now owns 1,390 shares of the electric vehicle producer’s stock valued at $293,000 after buying an additional 8 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its position in shares of Tesla Motors by 0.5% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,485 shares of the electric vehicle producer’s stock valued at $528,000 after buying an additional 12 shares during the period. Hartford Investment Management Co. raised its position in shares of Tesla Motors by 0.9% in the second quarter. Hartford Investment Management Co. now owns 2,017 shares of the electric vehicle producer’s stock valued at $428,000 after buying an additional 18 shares during the period. D Orazio & Associates Inc. raised its position in shares of Tesla Motors by 3.1% in the second quarter. D Orazio & Associates Inc. now owns 598 shares of the electric vehicle producer’s stock valued at $127,000 after buying an additional 18 shares during the period. Finally, WMS Partners LLC raised its position in shares of Tesla Motors by 1.9% in the second quarter. WMS Partners LLC now owns 1,310 shares of the electric vehicle producer’s stock valued at $278,000 after buying an additional 25 shares during the period. 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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