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Tesla Motors (NASDAQ:TSLA) Director Antonio J. Gracias sold 15,000 shares of Tesla Motors stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $204.57, for a total value of $3,068,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

TSLA has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $223.06.

Tesla Motors (NASDAQ:TSLA) traded down 0.46% on Wednesday, hitting $203.99. 3,434,502 shares of the company’s stock traded hands. Tesla Motors has a 1-year low of $94.05 and a 1-year high of $265.00. The stock’s 50-day moving average is $201.6 and its 200-day moving average is $188.1. The company’s market cap is $25.313 billion. Tesla Motors also was the recipient 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. Based on an average trading volume of 7,692,605 shares, the short-interest ratio is currently 3.3 days. Approximately 29.3% of the company’s shares are sold short.

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