Tesla Inc. (NASDAQ:TSLA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $371.27 price target on the electric vehicle producer’s stock. Vetr‘s price target suggests a potential upside of 8.39% from the company’s previous close.

Several other equities research analysts also recently issued reports on TSLA. UBS AG restated a “sell” rating and issued a $160.00 price target on shares of Tesla in a report on Wednesday, May 3rd. Citigroup Inc. began coverage on Tesla in a report on Thursday. They issued a “neutral” rating and a $357.00 price target for the company. Pacific Crest restated an “equal weight” rating on shares of Tesla in a report on Thursday, March 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $250.00 price target on shares of Tesla in a report on Monday, April 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $305.00 price target on shares of Tesla in a report on Monday, June 12th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the stock. Tesla presently has an average rating of “Hold” and a consensus target price of $296.51.

Tesla (NASDAQ TSLA) traded up 4.30% during mid-day trading on Monday, reaching $342.52. 8,637,082 shares of the company were exchanged. The company’s market cap is $56.26 billion. Tesla has a 12 month low of $178.19 and a 12 month high of $386.99. The stock’s 50-day moving average is $350.49 and its 200-day moving average is $297.55.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by $1.30. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.56 billion. Equities analysts expect that Tesla will post ($5.95) earnings per share for the current year.

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In other news, insider Jeffrey B. Straubel sold 106,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $307.44, for a total transaction of $32,588,640.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 20,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $311.76, for a total value of $6,235,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $6,235,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 242,290 shares of company stock worth $74,919,505. 23.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Tesla by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer’s stock worth $20,707,000 after buying an additional 20,082 shares during the period. UBS Asset Management Americas Inc. raised its position in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock worth $62,082,000 after buying an additional 25,012 shares during the period. Perigon Wealth Management LLC raised its position in Tesla by 4.5% in the fourth quarter. Perigon Wealth Management LLC now owns 7,951 shares of the electric vehicle producer’s stock worth $2,000,000 after buying an additional 341 shares during the period. HighPoint Advisor Group LLC raised its position in Tesla by 8.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,558 shares of the electric vehicle producer’s stock worth $390,000 after buying an additional 127 shares during the period. Finally, Garde Capital Inc. raised its position in Tesla by 78.4% in the fourth quarter. Garde Capital Inc. now owns 2,328 shares of the electric vehicle producer’s stock worth $497,000 after buying an additional 1,023 shares during the period. Hedge funds and other institutional investors own 63.78% of the company’s stock.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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