Trade Report: The Tesla Motors Inc. (TSLA) Upgraded at Vetr Inc.

The Tesla Motors Inc. (TSLA) Upgraded at Vetr Inc.

Tesla Motors Inc. (NASDAQ:TSLA) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $212.01 target price on the electric vehicle producer’s stock. Vetr‘s price target would suggest a potential upside of 7.83% from the stock’s current price.

A number of other analysts also recently commented on the company. Goldman Sachs Group Inc. downgraded Tesla Motors from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $240.00 to $185.00 in a research note on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $245.00 price objective on shares of Tesla Motors in a research note on Wednesday. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Tesla Motors in a research note on Tuesday. Global Equities Research reaffirmed an “overweight” rating and set a $385.00 target price on shares of Tesla Motors in a research report on Tuesday. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Tesla Motors in a research report on Wednesday, September 28th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $246.32.

Tesla Motors (NASDAQ:TSLA) traded down 2.18% during midday trading on Thursday, hitting $196.61. The stock had a trading volume of 3,493,018 shares. Tesla Motors has a 12-month low of $141.05 and a 12-month high of $269.34. The company’s market cap is $29.23 billion. The company has a 50-day moving average price of $207.24 and a 200-day moving average price of $221.71.

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

Several hedge funds have recently made changes to their positions in TSLA. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, D. Scott Neal Inc. increased its stake in shares of Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock worth $121,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.62% 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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