Tesla Motors Inc. (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 33,430 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the completion of the transaction, the insider now owns 359,655 shares of the company’s stock, valued at $68,629,367.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tesla Motors Inc. (NASDAQ:TSLA) opened at 196.65 on Friday. Tesla Motors Inc. has a 12 month low of $141.05 and a 12 month high of $269.34. The stock’s market capitalization is $29.48 billion. The stock’s 50 day moving average is $194.23 and its 200-day moving average is $210.26.

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

Insider Buying and Selling by Quarter for Tesla Motors (NASDAQ:TSLA)

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Several large investors have recently added to or reduced their stakes in TSLA. D. Scott Neal Inc. boosted 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 worth $121,000 after buying an additional 100 shares during the period. Catawba Capital Management VA boosted its stake in shares of Tesla Motors by 17.7% in the second quarter. Catawba Capital Management VA now owns 2,660 shares of the electric vehicle producer’s stock worth $565,000 after buying an additional 400 shares during the period. Trust Co. of Vermont boosted 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 worth $114,000 after buying an additional 95 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Tesla Motors by 45.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the electric vehicle producer’s stock worth $1,146,000 after buying an additional 1,700 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in shares of Tesla Motors by 5.1% in the second quarter. Eqis Capital Management Inc. now owns 2,142 shares of the electric vehicle producer’s stock worth $455,000 after buying an additional 104 shares during the period. Institutional investors own 64.36% of the company’s stock.

TSLA has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of Tesla Motors from $242.00 to $50.00 in a research report on Wednesday. Barclays PLC set a $165.00 price objective on shares of Tesla Motors and gave the stock a “sell” rating in a research report on Thursday, October 27th. Royal Bank Of Canada upped their price objective on shares of Tesla Motors from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 27th. Vetr cut shares of Tesla Motors from a “buy” rating to a “hold” rating and set a $216.16 price objective for the company. in a research report on Monday, September 26th. Finally, Zacks Investment Research cut shares of Tesla Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. Tesla Motors has an average rating of “Hold” and an average price target of $243.38.

About Tesla Motors

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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