Tesla (NASDAQ:TSLA) had its target price hoisted by Morgan Stanley from $440.00 to $500.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a weight rating on the electric vehicle producer’s stock.

Other equities research analysts have also issued research reports about the company. TheStreet upgraded Tesla from a d+ rating to a c- rating in a research report on Tuesday, October 29th. Barclays increased their target price on Tesla from $150.00 to $200.00 and gave the company an underweight rating in a research report on Friday, October 25th. BidaskClub raised Tesla from a buy rating to a strong-buy rating in a research note on Friday, October 11th. Deutsche Bank boosted their price target on Tesla from $260.00 to $290.00 and gave the stock a hold rating in a report on Monday, November 18th. Finally, Needham & Company LLC reaffirmed an underperform rating on shares of Tesla in a research note on Thursday, October 3rd. Eighteen analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $274.87.

Shares of NASDAQ:TSLA opened at $335.89 on Friday. Tesla has a one year low of $176.99 and a one year high of $379.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 0.73. The company has a market cap of $60.54 billion, a price-to-earnings ratio of -58.72 and a beta of 0.59. The firm has a 50 day simple moving average of $322.01 and a 200 day simple moving average of $251.11.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $2.28. The firm had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.48 billion. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 earnings per share. As a group, analysts expect that Tesla will post -4.8 EPS for the current year.

In related news, Director Kimbal Musk sold 64,190 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $350.06, for a total value of $22,470,351.40. Following the transaction, the director now owns 198,238 shares of the company’s stock, valued at approximately $69,395,194.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $242.47, for a total transaction of $36,370.50. Following the completion of the transaction, the chief financial officer now directly owns 10,001 shares in the company, valued at approximately $2,424,942.47. The disclosure for this sale can be found here. Insiders have sold 96,681 shares of company stock worth $32,955,635 over the last ninety days. 24.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Tesla by 102.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,448,917 shares of the electric vehicle producer’s stock valued at $349,001,000 after purchasing an additional 733,764 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Tesla by 67.2% during the 2nd quarter. Primecap Management Co. CA now owns 1,526,940 shares of the electric vehicle producer’s stock worth $341,210,000 after buying an additional 613,525 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $136,994,000. Hillhouse Capital Advisors LTD. purchased a new position in shares of Tesla in the 2nd quarter worth approximately $116,329,000. Finally, Nikko Asset Management Americas Inc. boosted its stake in shares of Tesla by 249.7% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 656,695 shares of the electric vehicle producer’s stock worth $146,745,000 after buying an additional 468,884 shares during the last quarter. 52.61% of the stock is owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Further Reading: How Investors Can Profit from Options Trading

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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