Vetr upgraded shares of Tesla Motors Inc. (NASDAQ:TSLA) from a buy rating to a strong-buy rating in a research report report published on Tuesday. They currently have $203.80 price target on the electric vehicle producer’s stock.

A number of other equities research analysts have also issued reports on TSLA. Barclays PLC set a $165.00 price target on shares of Tesla Motors and gave the stock a sell rating in a report on Tuesday, July 19th. RBC Capital Markets set a $210.00 price target on shares of Tesla Motors and gave the stock a hold rating in a report on Thursday, July 21st. S&P Equity Research raised shares of Tesla Motors from a sell rating to a hold rating and set a $200.00 price target on the stock in a report on Sunday, July 24th. Global Equities Research reissued an overweight rating and issued a $385.00 price target on shares of Tesla Motors in a report on Sunday, July 24th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating and issued a $240.00 target price on shares of Tesla Motors in a research report on Monday, July 25th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $249.01.

Tesla Motors (NASDAQ:TSLA) traded down 0.2014% during midday trading on Tuesday, hitting $183.3999. 2,732,305 shares of the stock traded hands. The stock’s market capitalization is $27.49 billion. The stock’s 50-day moving average price is $197.95 and its 200-day moving average price is $211.84. Tesla Motors has a 52 week low of $141.05 and a 52 week high of $269.34.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.25. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The company’s revenue was up 145.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.58) EPS. Equities research analysts expect that Tesla Motors will post ($2.04) EPS for the current fiscal year.

In other news, Director Kimbal Musk sold 2,779 shares of Tesla Motors stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $197.60, for a total transaction of $549,130.40. Following the transaction, the director now owns 154,644 shares in the company, valued at approximately $30,557,654.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 27.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Tesla Motors by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 860 shares of the electric vehicle producer’s stock valued at $175,000 after buying an additional 5 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in Tesla Motors by 0.5% in the third quarter. Parsons Capital Management Inc. RI now owns 1,282 shares of the electric vehicle producer’s stock valued at $262,000 after buying an additional 6 shares in the last quarter. Synovus Financial Corp raised its position 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 in the last quarter. Green Square Capital LLC raised its position in Tesla Motors by 0.8% in the third quarter. Green Square Capital LLC now owns 1,296 shares of the electric vehicle producer’s stock valued at $264,000 after buying an additional 10 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC raised its position 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 in the last quarter. Institutional investors and hedge funds own 64.83% 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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