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

Tesla Motors Inc. (NASDAQ:TSLA) opened at 196.65 on Friday. The company has a 50-day moving average price of $194.23 and a 200-day moving average price of $210.26. Tesla Motors Inc. has a 52 week low of $141.05 and a 52 week high of $269.34. The stock’s market cap is $29.48 billion.

Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings data 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. Tesla Motors had a negative return on equity of 29.17% and a negative net margin of 14.74%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned ($0.58) earnings per share. The company’s revenue was up 145.3% on a year-over-year basis. Equities research analysts anticipate that Tesla Motors Inc. will post ($2.04) EPS for the current year.

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

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Several hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock worth $2,773,818,000 after buying an additional 1,137,759 shares in the last quarter. Vanguard Group Inc. raised its stake in Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock worth $1,038,976,000 after buying an additional 578,459 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Tesla Motors by 4.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,807,714 shares of the electric vehicle producer’s stock worth $572,858,000 after buying an additional 110,714 shares in the last quarter. Bamco Inc. NY raised its stake in Tesla Motors by 7.7% in the third quarter. Bamco Inc. NY now owns 1,555,911 shares of the electric vehicle producer’s stock worth $317,452,000 after buying an additional 111,256 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in Tesla Motors by 24.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 808,661 shares of the electric vehicle producer’s stock worth $171,663,000 after buying an additional 157,425 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on TSLA. Robert W. Baird set a $338.00 price objective on Tesla Motors and gave the company a “buy” rating in a research report on Wednesday, September 28th. Mizuho restated a “positive” rating on shares of Tesla Motors in a research report on Thursday, October 20th. Citigroup Inc. restated an “underweight” rating on shares of Tesla Motors in a research report on Friday, October 21st. Dougherty & Co restated a “buy” rating and set a $500.00 price objective on shares of Tesla Motors in a research report on Thursday, October 27th. Finally, Pacific Crest restated a “hold” rating on shares of Tesla Motors in a research report on Thursday, October 27th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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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