Tesla Inc. (NASDAQ:TSLA)‘s stock had its “outperform” rating reiterated by analysts at Robert W. Baird in a note issued to investors on Monday. They presently have a $411.00 price objective on the electric vehicle producer’s stock. Robert W. Baird’s target price suggests a potential upside of 6.75% from the company’s previous close.

A number of other analysts have also commented on the company. Sanford C. Bernstein reissued a “hold” rating and set a $265.00 price target on shares of Tesla in a research note on Thursday. Barclays PLC reissued an “underweight” rating and set a $210.00 price target (up from $165.00) on shares of Tesla in a research note on Wednesday, September 13th. Morgan Stanley reissued a “hold” rating and set a $317.00 price target on shares of Tesla in a research note on Thursday, September 7th. Deutsche Bank AG reissued a “hold” rating and set a $320.00 price target (up from $240.00) on shares of Tesla in a research note on Tuesday, September 5th. Finally, BidaskClub lowered Tesla from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $315.31.

Tesla (NASDAQ TSLA) traded up 1.37% on Monday, reaching $385.00. 7,186,037 shares of the company’s stock were exchanged. The company’s market cap is $64.25 billion. Tesla has a 52 week low of $178.19 and a 52 week high of $389.61. The stock’s 50 day moving average is $352.07 and its 200 day moving average is $323.07.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted ($1.06) earnings per share. The business’s revenue for the quarter was up 119.6% on a year-over-year basis. On average, equities analysts anticipate that Tesla will post ($6.26) earnings per share for the current year.

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In other Tesla 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 transaction, the director now 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 can be accessed through the SEC website. Also, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. In the last three months, insiders sold 53,946 shares of company stock worth $18,481,047. Insiders own 23.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TSLA. FMR LLC lifted its position in shares of Tesla by 10.9% during the 1st 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 during the last quarter. Renaissance Technologies LLC lifted its position in shares of Tesla by 117.7% during the 1st quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock valued at $188,630,000 after buying an additional 366,400 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Tesla by 2.5% during the 1st 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of Tesla by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after buying an additional 292,602 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Tesla during the 2nd quarter valued at $66,601,000. 56.63% of the stock is currently owned by hedge funds and other institutional investors.

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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