Tesla Motors Inc. (NASDAQ:TSLA)‘s stock had its “equal weight” rating restated by equities researchers at Morgan Stanley in a report released on Thursday. They presently have a $245.00 target price on the electric vehicle producer’s stock. Morgan Stanley’s target price would indicate a potential upside of 24.68% from the stock’s previous close.

TSLA has been the topic of several other reports. Robert W. Baird set a $338.00 price objective on Tesla Motors and gave the company a “buy” rating in a research note on Wednesday, September 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $242.00 price objective on shares of Tesla Motors in a research note on Wednesday, June 22nd. S&P Equity Research upgraded Tesla Motors from a “sell” rating to a “hold” rating and set a $200.00 price objective on the stock in a research note on Sunday, July 24th. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Tesla Motors in a research note on Monday, July 25th. Finally, Vetr upgraded Tesla Motors from a “buy” rating to a “strong-buy” rating and set a $230.20 price objective on the stock in a research note on Wednesday, June 22nd. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $246.30.

Analyst Recommendations for Tesla Motors (NASDAQ:TSLA)

Shares of Tesla Motors (NASDAQ:TSLA) opened at 196.51 on Thursday. The company’s market cap is $29.22 billion. Tesla Motors has a 1-year low of $141.05 and a 1-year high of $269.34. The stock has a 50 day moving average price of $203.90 and a 200-day moving average price of $220.74.

Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (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 firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. Analysts predict that Tesla Motors will post ($0.93) earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of TSLA. Advisory Services Network LLC increased its stake 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 period. Trust Co. of Vermont increased its stake 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 period. Toronto Dominion Bank increased its stake 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 period. Proficio Capital Partners LLC increased its stake 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 period. Finally, D. Scott Neal Inc. increased its stake 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 period. Institutional investors and hedge funds own 66.62% of the company’s stock.

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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