Tesla Motors Inc. (NASDAQ:TSLA) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 31,530,489 shares, a growth of 9.5% from the October 31st total of 28,795,864 shares. Based on an average daily volume of 5,052,703 shares, the days-to-cover ratio is presently 6.2 days. Currently, 28.2% of the company’s shares are sold short.

Several equities research analysts have recently weighed in on TSLA shares. Vetr downgraded Tesla Motors from a “hold” rating to a “sell” rating and set a $227.49 target price for the company. in a research report on Monday, August 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $338.00 target price on shares of Tesla Motors in a research report on Monday, August 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $245.00 target price on shares of Tesla Motors in a research report on Wednesday, August 3rd. FBN Securities upped their target price on Tesla Motors from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Tesla Motors in a research report on Friday, August 5th. Eight equities research 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 stock currently has an average rating of “Hold” and an average target price of $250.49.

In other news, Director Kimbal Musk sold 2,779 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $197.60, for a total value of $549,130.40. Following the completion of the sale, the director now owns 154,644 shares of the company’s stock, valued at $30,557,654.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey B. Straubel sold 33,430 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $190.82, for a total value of $6,379,112.60. Following the completion of the sale, the insider now directly owns 359,655 shares of the company’s stock, valued at approximately $68,629,367.10. The disclosure for this sale can be found here. 27.70% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in TSLA. NEXT Financial Group Inc raised its position in shares of 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 valued at $223,000 after buying an additional 249 shares during the period. British Columbia Investment Management Corp raised its position in shares of 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 valued at $10,748,000 after buying an additional 2,051 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of 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 valued at $307,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of 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 valued at $1,068,000 after buying an additional 185 shares during the period. Finally, Gateway Investment Advisers LLC raised its position in shares of 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 valued at $8,207,000 after buying an additional 1,433 shares during the period. 64.36% of the stock is owned by institutional investors.

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

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

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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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