Share on StockTwits

Tesla Motors (NASDAQ:TSLA) saw a large drop in short interest in 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, AnalystRatingsNetwork.com reports. Approximately 29.3% of the company’s shares are short sold. Based on an average daily trading volume, of 7,692,605 shares, the short-interest ratio is presently 3.3 days.

In other Tesla Motors news, Director Antonio J. Gracias sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $210.08, for a total transaction of $4,201,600.00. The transaction was disclosed in a document filed with the SEC, 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, May 28th. 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 analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $223.06.

Tesla Motors (NASDAQ:TSLA) opened at 204.70 on Tuesday. Tesla Motors has a 52-week low of $89.11 and a 52-week high of $265.00. The stock has a 50-day moving average of $201.1 and a 200-day moving average of $187.4. The company’s market cap is $25.401 billion.

Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.