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Tesla Motors (NASDAQ:TSLA) Director Antonio J. Gracias sold 20,000 shares of Tesla Motors stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $210.49, for a total transaction of $4,209,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on TSLA shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tesla Motors in a research note on Wednesday. They now have a $320.00 price target on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Tesla Motors currently has a consensus rating of “Buy” and an average price target of $223.06.

Tesla Motors (NASDAQ:TSLA) remained flat at $210.24 during during mid-day trading trading on Thursday. The stock had a trading volume of 3,694,596 shares. Tesla Motors has a one year low of $88.25 and a one year high of $265.00. The stock has a 50-day moving average of $201.0 and a 200-day moving average of $185.8. The company’s market cap is $26.089 billion. Tesla Motors also was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 25,122,795 shares, a drop of 6.1% from the April 30th total of 26,749,068 shares. Currently, 29.3% of the shares of the company are sold short. Based on an average daily trading volume, of 7,692,605 shares, the days-to-cover ratio is currently 3.3 days.

Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results 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. Analysts expect that Tesla Motors will post $1.19 EPS 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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