Fiduciary Financial Services of The Southwest Inc. TX maintained its stake in shares of Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 722 shares of the electric vehicle producer’s stock at the end of the second quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Tesla were worth $261,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock valued at $6,804,556,000 after buying an additional 2,400,034 shares in the last quarter. Baillie Gifford & Co. boosted its position in Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after buying an additional 336,130 shares in the last quarter. Vanguard Group Inc. boosted its position in Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after buying an additional 280,941 shares in the last quarter. Jennison Associates LLC boosted its position in Tesla by 7.6% in the first quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer’s stock valued at $798,576,000 after buying an additional 203,034 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in Tesla by 4.1% in the first quarter. Primecap Management Co. CA now owns 1,215,640 shares of the electric vehicle producer’s stock valued at $338,313,000 after buying an additional 47,550 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Tesla Inc. (NASDAQ TSLA) opened at 363.80 on Tuesday. The stock’s 50 day moving average price is $340.57 and its 200 day moving average price is $308.64. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $386.99. The firm’s market capitalization is $60.71 billion.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. Tesla’s revenue was up 119.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.06) earnings per share. On average, equities analysts expect that Tesla Inc. will post ($6.31) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Tesla Inc. (TSLA) Position Held by Fiduciary Financial Services of The Southwest Inc. TX” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/08/15/tesla-inc-tsla-position-held-by-fiduciary-financial-services-of-the-southwest-inc-tx.html.

Several equities analysts have recently weighed in on TSLA shares. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $345.00 price objective on the stock in a research note on Tuesday, April 25th. Vetr cut shares of Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 price objective on the stock. in a research note on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $240.00 price objective on shares of Tesla in a research note on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $180.00 price objective (down previously from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Tesla from $314.00 to $345.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $310.34.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total value of $703,778.40. Following the completion of the transaction, the director now directly owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.10% 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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Stock Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related stocks with our FREE daily email newsletter.