Tesla Motors Inc. (NASDAQ:TSLA)‘s stock had its “outperform” rating restated by equities researchers at Robert W. Baird in a research note issued on Thursday. They currently have a $338.00 price target on the electric vehicle producer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 72.00% from the stock’s previous close.

TSLA has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $242.00 price target on shares of Tesla Motors in a report on Wednesday, June 22nd. S&P Equity Research upgraded shares of Tesla Motors from a “sell” rating to a “hold” rating and set a $200.00 price target for the company in a report on Sunday, July 24th. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Tesla Motors in a report on Monday, July 25th. Vetr upgraded shares of Tesla Motors from a “buy” rating to a “strong-buy” rating and set a $230.20 price target for the company in a report on Wednesday, June 22nd. Finally, Barclays PLC set a $165.00 price target on shares of Tesla Motors and gave the company a “sell” rating in a report on Tuesday, July 19th. 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 issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $246.30.

Analyst Recommendations for Tesla Motors (NASDAQ:TSLA)

Tesla Motors (NASDAQ:TSLA) opened at 196.51 on Thursday. The company’s market capitalization is $29.22 billion. The company’s 50 day moving average is $203.90 and its 200-day moving average is $220.74. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34.

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

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its position in 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 in the last quarter. Proficio Capital Partners LLC boosted its position in 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 in the last quarter. Trust Co. of Vermont boosted its position in 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 in the last quarter. Toronto Dominion Bank boosted its position in 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 in the last quarter. Finally, D. Scott Neal Inc. boosted its position in 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 in the last quarter. 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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