Insider Selling: Tesla Motors Director Sells 10,000 Shares of Stock (TSLA)
Tesla Motors (NASDAQ:TSLA) Director Antonio J. Gracias sold 10,000 shares of Tesla Motors stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $198.03, for a total value of $1,980,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Tesla Motors from $164.00 to $163.00 in a research note on Friday, May 9th. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Tesla Motors in a research note on Thursday, May 8th. They now have a $200.00 price target on the stock. Finally, analysts at S&P upgraded shares of Tesla Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating, six 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 a consensus price target of $217.59.
Tesla Motors (NASDAQ:TSLA) traded up 2.72% on Thursday, hitting $204.88. The stock had a trading volume of 6,216,255 shares. Tesla Motors has a 1-year low of $88.25 and a 1-year high of $265.00. The stock has a 50-day moving average of $202.0 and a 200-day moving average of $184.0. The company’s market cap is $25.424 billion.
Tesla Motors (NASDAQ:TSLA) last released its earnings data on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. The company had revenue of $713.00 million for the quarter, compared to the consensus estimate of $699.10 million. During the same quarter last year, the company posted $0.12 earnings per share. Tesla Motors’s revenue was up 26.9% compared to the same quarter last year. On average, analysts predict that Tesla Motors will post $1.19 earnings per share for the current fiscal year.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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