Traders purchased shares of Tesla Inc. (NASDAQ:TSLA) on weakness during trading hours on Thursday. $536.53 million flowed into the stock on the tick-up and $512.74 million flowed out of the stock on the tick-down, for a money net flow of $23.79 million into the stock. Of all equities tracked, Tesla had the 23rd highest net in-flow for the day. Tesla traded down ($7.43) for the day and closed at $366.48

Several equities research analysts recently commented on TSLA shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $180.00 price objective (down from $190.00) on shares of Tesla in a research report on Wednesday, July 5th. Citigroup Inc. started coverage on Tesla in a research report on Thursday, July 20th. They set a “neutral” rating and a $357.00 price objective on the stock. Morgan Stanley reaffirmed a “hold” rating and set a $317.00 price objective on shares of Tesla in a research report on Thursday, September 7th. Robert W. Baird reaffirmed an “outperform” rating and set a $368.00 price objective on shares of Tesla in a research report on Wednesday, July 5th. Finally, Vetr raised Tesla from a “buy” rating to a “strong-buy” rating and set a $361.76 target price on the stock in a research report on Monday, July 10th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $314.30.

The firm’s 50 day moving average price is $354.97 and its 200 day moving average price is $325.99. The stock’s market capitalization is $58.59 billion.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm’s revenue for the quarter was up 119.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.06) earnings per share. On average, equities research analysts predict that Tesla Inc. will post ($6.29) earnings per share for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40. Following the completion of the transaction, the director now directly owns 160,274 shares in the company, valued at $51,505,652.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the transaction, the director now owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders sold 53,946 shares of company stock valued at $18,481,047 over the last quarter. 23.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its position in shares of Tesla by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after buying an additional 4 shares during the period. North Star Investment Management Corp. boosted its position in shares of Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after buying an additional 9 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Tesla by 2.3% during the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after buying an additional 9 shares during the period. Sterling Investment Advisors Ltd. boosted its position in shares of Tesla by 2.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock worth $308,000 after buying an additional 18 shares during the period. Finally, Gemmer Asset Management LLC boosted its position in shares of Tesla by 2.6% during the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock worth $282,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 56.63% of the company’s stock.

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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.

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