Tesla Motors Inc. (NASDAQ:TSLA) has been assigned a consensus recommendation of “Hold” from the twenty-nine analysts that are covering the firm. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $259.14.

Several analysts have commented on TSLA shares. Oppenheimer Holdings Inc. cut shares of Tesla Motors from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $264.75 to $195.00 in a research note on Wednesday, June 22nd. Standpoint Research reiterated a “sell” rating and issued a $180.00 target price on shares of Tesla Motors in a research note on Wednesday, June 22nd. Barclays PLC reiterated an “underweight” rating and issued a $165.00 target price on shares of Tesla Motors in a research note on Wednesday, June 22nd. Pacific Crest reiterated a “sector weight” rating on shares of Tesla Motors in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $242.00 target price on shares of Tesla Motors in a research note on Wednesday, June 22nd.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Motley Fool Wealth Management LLC raised its position in shares of Tesla Motors by 1.9% in the first quarter. Motley Fool Wealth Management LLC now owns 45,644 shares of the electric vehicle producer’s stock valued at $10,488,000 after buying an additional 873 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of Tesla Motors by 5.2% in the first quarter. AMP Capital Investors Ltd now owns 28,453 shares of the electric vehicle producer’s stock valued at $6,456,000 after buying an additional 1,400 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Tesla Motors by 96.6% in the first quarter. Nuveen Asset Management LLC now owns 25,914 shares of the electric vehicle producer’s stock valued at $5,954,000 after buying an additional 12,735 shares during the last quarter. Mariner Wealth Advisors LLC raised its position in shares of Tesla Motors by 53.5% in the first quarter. Mariner Wealth Advisors LLC now owns 1,363 shares of the electric vehicle producer’s stock valued at $313,000 after buying an additional 475 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Tesla Motors during the first quarter valued at $13,779,000. 66.62% of the stock is currently owned by institutional investors.

Tesla Motors (NASDAQ:TSLA) opened at 200.24 on Tuesday. The firm’s 50-day moving average is $204.60 and its 200 day moving average is $220.98. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34. The company’s market cap is $29.77 billion.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the 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 business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. The business’s revenue was up 30.5% on a year-over-year basis. On average, equities research analysts predict that Tesla Motors will post ($0.93) EPS for the current fiscal year.

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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