Barclays PLC set a $165.00 target price on Tesla Motors Inc. (NASDAQ:TSLA) in a research note published on Monday morning. The firm currently has a a sell rating on the electric vehicle producer’s stock.

A number of other research analysts also recently issued reports on the stock. Vetr downgraded shares of Tesla Motors from a buy rating to a hold rating and set a $208.73 target price for the company. in a research report on Monday. Robert W. Baird restated an outperform rating and set a $338.00 target price on shares of Tesla Motors in a research report on Friday. Goldman Sachs Group Inc. downgraded shares of Tesla Motors from a buy rating to a neutral rating and decreased their target price for the company from $240.00 to $185.00 in a research report on Thursday, October 6th. Morgan Stanley restated an equal weight rating and set a $245.00 target price on shares of Tesla Motors in a research report on Wednesday, October 5th. Finally, Oppenheimer Holdings Inc. restated a market perform rating on shares of Tesla Motors in a research report on Tuesday, October 4th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $246.20.

Analyst Recommendations for Tesla Motors (NASDAQ:TSLA)

Shares of Tesla Motors (NASDAQ:TSLA) traded down 0.74% on Monday, hitting $199.47. The stock had a trading volume of 1,867,575 shares. Tesla Motors has a 12 month low of $141.05 and a 12 month high of $269.34. The firm’s 50-day moving average price is $206.55 and its 200 day moving average price is $221.42. The firm’s market cap is $29.66 billion.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data 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 net margin of 24.64% and a negative return on equity of 46.30%. Tesla Motors’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.48) earnings per share. Analysts anticipate that Tesla Motors will post ($0.93) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of TSLA. Advisory Services Network LLC increased its position in shares of Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 62 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock valued at $115,000 after buying an additional 1,305 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock valued at $116,000 after buying an additional 180 shares during the last quarter. Finally, D. Scott Neal Inc. increased its position in shares of Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 100 shares during the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:TSLA

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