Today, 33,430 Shares of Stock are sold by Tesla Motors Inc. (TSLA) Insider Jeffrey B. Straubel

Today, 33,430 Shares of Stock are sold by Tesla Motors Inc. (TSLA) Insider Jeffrey B. Straubel
Tesla Motors Inc. (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 33,430 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $190.82, for a total value of $6,379,112.60. Following the completion of the sale, the insider now directly owns 359,655 shares in the company, valued at $68,629,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tesla Motors Inc. (NASDAQ:TSLA) opened at 196.65 on Friday. The stock’s 50 day moving average is $194.23 and its 200-day moving average is $210.26. The company’s market capitalization is $29.48 billion. Tesla Motors Inc. has a 12 month low of $141.05 and a 12 month high of $269.34.

Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share for the quarter, topping the Zacks’ 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 earned $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm posted ($0.58) EPS. The firm’s quarterly revenue was up 145.3% on a year-over-year basis. On average, analysts expect that Tesla Motors Inc. will post ($2.04) EPS for the current year.

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC increased its stake in shares of 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 period. Reilly Financial Advisors LLC increased its stake 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 worth $100,000 after buying an additional 237 shares during the period. Proficio Capital Partners LLC increased its stake 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 worth $116,000 after buying an additional 180 shares during the period. Trust Co. of Vermont increased its stake 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 worth $114,000 after buying an additional 95 shares during the period. Finally, Toronto Dominion Bank increased its stake 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 worth $115,000 after buying an additional 1,305 shares during the period. 64.36% of the stock is owned by institutional investors.

TSLA has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Tesla Motors from $242.00 to $50.00 in a research report on Wednesday. Barclays PLC set a $165.00 price target on Tesla Motors and gave the company a “sell” rating in a research report on Thursday, October 27th. Royal Bank Of Canada raised their price target on Tesla Motors from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Thursday, October 27th. Vetr downgraded Tesla Motors from a “buy” rating to a “hold” rating and set a $216.16 price target on the stock. in a research report on Monday, September 26th. Finally, Zacks Investment Research cut shares of Tesla Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Eight research 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. The stock presently has an average rating of “Hold” and a consensus price target of $243.38.

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