Today, Ausdal Financial Partners Inc. Raises it position for Tesla Motors Inc. (TSLA)

Today, Ausdal Financial Partners Inc. Raises it position for Tesla Motors Inc. (TSLA)

Ausdal Financial Partners Inc. increased its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 66.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,509 shares of the electric vehicle producer’s stock after buying an additional 602 shares during the period. Ausdal Financial Partners Inc.’s holdings in Tesla Motors were worth $320,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TSLA. Tocqueville Asset Management L.P. acquired a new position in shares of Tesla Motors during the second quarter worth $845,000. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Tesla Motors by 6.8% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,097 shares of the electric vehicle producer’s stock worth $5,752,000 after buying an additional 1,724 shares during the period. Proficio Capital Partners LLC boosted 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 worth $116,000 after buying an additional 180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Tesla Motors by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 272,679 shares of the electric vehicle producer’s stock worth $57,884,000 after buying an additional 1,144 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Tesla Motors by 49.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 41,404 shares of the electric vehicle producer’s stock worth $8,789,000 after buying an additional 13,770 shares during the period. 66.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tesla Motors Inc. (NASDAQ:TSLA) traded up 0.49% during midday trading on Tuesday, reaching $194.91. 3,103,001 shares of the company’s stock were exchanged. Tesla Motors Inc. has a 1-year low of $141.05 and a 1-year high of $269.34. The company’s market capitalization is $28.98 billion. The firm has a 50-day moving average of $203.15 and a 200-day moving average of $220.37.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the business earned ($0.48) earnings per share. Equities analysts expect that Tesla Motors Inc. will post ($0.93) earnings per share for the current fiscal year.

A number of research analysts have weighed in on TSLA shares. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of Tesla Motors in a research report on Monday, July 25th. Vetr cut shares of Tesla Motors from a “strong-buy” rating to a “buy” rating and set a $221.86 price target on the stock. in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $240.00 price target on shares of Tesla Motors in a research report on Wednesday, July 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $338.00 target price on shares of Tesla Motors in a research report on Monday, August 1st. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $246.30.

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.

Related posts

Leave a Comment