Robert W. Baird restated their outperform rating on shares of Tesla Motors Inc. (NASDAQ:TSLA) in a research note issued to investors on Friday. Robert W. Baird currently has a $338.00 price target on the electric vehicle producer’s stock.

Several other research firms have also weighed in on TSLA. Pacific Crest restated a hold rating on shares of Tesla Motors in a report on Wednesday, September 28th. Piper Jaffray Cos. started coverage on Tesla Motors in a report on Thursday, June 9th. They set a neutral rating and a $223.00 target price on the stock. Goldman Sachs Group Inc. reiterated a buy rating and issued a $240.00 price objective on shares of Tesla Motors in a research note on Monday, July 25th. Vetr upgraded Tesla Motors from a hold rating to a buy rating and set a $212.01 price objective on the stock in a research note on Thursday. Finally, Deutsche Bank AG reiterated a hold rating and issued a $290.00 price objective on shares of Tesla Motors in a research note on Wednesday, July 6th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $246.32.

Tesla Motors (NASDAQ:TSLA) traded up 2.947% on Friday, reaching $202.404. The company’s stock had a trading volume of 1,819,555 shares. The firm’s market capitalization is $30.10 billion. Tesla Motors has a 52 week low of $141.05 and a 52 week high of $269.34. The stock’s 50 day moving average is $207.24 and its 200-day moving average is $221.71.

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 the Thomson Reuters’ 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 company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business earned ($0.48) earnings per share. Tesla Motors’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts predict that Tesla Motors will post ($0.93) EPS for the current year.

Several hedge funds have recently bought and sold shares of TSLA. Synovus Financial Corp raised its stake 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 during the period. Bingham Osborn & Scarborough LLC raised its stake in 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 stake in 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 stake in 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 stake in 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. 66.62% of the stock is currently owned by institutional investors.

Tesla Motors Company Profile

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.

5 Day Chart for NASDAQ:TSLA

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