Tesla (NASDAQ:TSLA) has been given a $205.00 price target by Goldman Sachs Group in a report issued on Thursday. The brokerage presently has a “sell” rating on the electric vehicle producer’s stock. Goldman Sachs Group’s price objective indicates a potential downside of 40.58% from the stock’s current price.

Several other brokerages have also recently weighed in on TSLA. Zacks Investment Research cut shares of Tesla from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price target on the stock in a research report on Friday, October 13th. Oppenheimer reissued a “hold” rating on shares of Tesla in a research report on Monday, October 16th. Barclays reissued a “sell” rating on shares of Tesla in a research report on Sunday, October 15th. Finally, BidaskClub raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Eleven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $327.11.

Shares of Tesla (NASDAQ:TSLA) opened at $345.00 on Thursday. Tesla has a one year low of $242.01 and a one year high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The stock has a market cap of $57,980.00, a price-to-earnings ratio of -40.30 and a beta of 0.97.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the consensus estimate of ($3.12) by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.69) EPS. sell-side analysts forecast that Tesla will post -11.38 earnings per share for the current year.

In other Tesla news, VP John Douglas Field sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $334.87, for a total transaction of $334,870.00. Following the sale, the vice president now directly owns 20,128 shares in the company, valued at $6,740,263.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric Branderiz sold 1,736 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $313.25, for a total transaction of $543,802.00. Following the sale, the vice president now owns 1,225 shares in the company, valued at $383,731.25. The disclosure for this sale can be found here. Insiders have sold 11,967 shares of company stock worth $3,817,242 over the last quarter. Insiders own 23.10% of the company’s stock.

Large investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC purchased a new stake in Tesla during the third quarter worth about $100,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Tesla during the third quarter worth approximately $106,000. First Personal Financial Services purchased a new stake in shares of Tesla during the third quarter worth approximately $148,000. WFG Advisors LP increased its stake in shares of Tesla by 106.8% during the second quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after buying an additional 236 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Tesla by 21.6% during the second quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after buying an additional 95 shares during the period. Institutional investors own 57.35% of the company’s stock.

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Tesla Company Profile

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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