Today, Tesla Motors Inc. (TSLA) Earns Hold Rating from Analysts at Berenberg Bank

Today, Tesla Motors Inc. (TSLA) Earns Hold Rating from Analysts at Berenberg Bank
Berenberg Bank started coverage on shares of Tesla Motors Inc. (NASDAQ:TSLA) in a research note published on Tuesday, The Fly reports. The firm issued a hold rating on the electric vehicle producer’s stock.

Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. reiterated a rating on shares of Tesla Motors in a report on Monday, July 25th. Goldman Sachs Group Inc. reiterated a buy rating and issued a $240.00 price target on shares of Tesla Motors in a report on Monday, July 25th. Vetr upgraded shares of Tesla Motors from a hold rating to a buy rating and set a $231.82 price target on the stock in a report on Wednesday, August 24th. Finally, Robert W. Baird reiterated a buy rating and issued a $338.00 price target on shares of Tesla Motors in a report on Monday, August 1st. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. Tesla Motors currently has an average rating of Hold and a consensus price target of $241.79.

Tesla Motors (NASDAQ:TSLA) opened at 193.14 on Tuesday. The company’s 50-day moving average is $194.74 and its 200-day moving average is $210.35. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34. The firm’s market capitalization is $28.95 billion.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, topping the consensus estimate of ($0.54) by $1.25. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the firm earned ($0.58) earnings per share. The firm’s revenue for the quarter was up 145.3% on a year-over-year basis. Analysts forecast that Tesla Motors will post ($2.04) EPS for the current fiscal year.

In other Tesla Motors news, Director Kimbal Musk sold 2,779 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $197.60, for a total value of $549,130.40. Following the sale, the director now owns 154,644 shares in the company, valued at $30,557,654.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 27.70% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in TSLA. Advisory Services Network LLC raised its stake in Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 62 shares during the last quarter. Reilly Financial Advisors LLC raised its position in shares of Tesla Motors by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 237 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock valued at $116,000 after buying an additional 180 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock valued at $115,000 after buying an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Tesla Motors Company Profile

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.

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