Investors sold shares of Tesla Motors Inc. (NASDAQ:TSLA) on strength during trading hours on Wednesday after Morgan Stanley lowered their price target on the stock from $242.00 to $50.00. $259.13 million flowed into the stock on the tick-up and $285.84 million flowed out of the stock on the tick-down, for a money net flow of $26.71 million out of the stock. Of all companies tracked, Tesla Motors had the 0th highest net out-flow for the day. Tesla Motors traded up $1.97 for the day and closed at $193.14

TSLA has been the topic of several other research reports. Robert W. Baird restated a “buy” rating and issued a $338.00 price target on shares of Tesla Motors in a research note on Monday, August 1st. Vetr lowered shares of Tesla Motors from a “hold” rating to a “sell” rating and set a $227.49 price target on the stock. in a research note on Monday, August 1st. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Tesla Motors in a research note on Friday, August 5th. FBN Securities raised their price target on shares of Tesla Motors from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, Global Equities Research restated an “overweight” rating and issued a $385.00 price target on shares of Tesla Motors in a research note on Tuesday, October 4th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $241.79.

In other Tesla Motors news, Director Kimbal Musk sold 2,779 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total value of $549,130.40. Following the transaction, the director now directly owns 154,644 shares in the company, valued at $30,557,654.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 27.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc raised its position in Tesla Motors by 31.0% in the second quarter. NEXT Financial Group Inc now owns 1,053 shares of the electric vehicle producer’s stock worth $223,000 after buying an additional 249 shares during the period. British Columbia Investment Management Corp raised its position in Tesla Motors by 4.2% in the second quarter. British Columbia Investment Management Corp now owns 50,633 shares of the electric vehicle producer’s stock worth $10,748,000 after buying an additional 2,051 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Tesla Motors by 7.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,446 shares of the electric vehicle producer’s stock worth $307,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Tesla Motors by 3.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,029 shares of the electric vehicle producer’s stock worth $1,068,000 after buying an additional 185 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in Tesla Motors by 3.8% in the second quarter. Gateway Investment Advisers LLC now owns 38,663 shares of the electric vehicle producer’s stock worth $8,207,000 after buying an additional 1,433 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

The stock’s market cap is $28.95 billion. The company’s 50-day moving average price is $194.74 and its 200-day moving average price is $210.35.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.25. The firm earned $2.30 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 145.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.58) earnings per share. Equities research analysts predict that Tesla Motors Inc. will post ($2.04) EPS for the current year.

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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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