Tesla Motors Given “Positive” Rating at Robert W. Baird (TSLA)
In other Tesla Motors news, Director Antonio J. Gracias sold 15,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $204.57, for a total value of $3,068,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 203.52 on Friday. Tesla Motors has a 52 week low of $95.30 and a 52 week high of $265.00. The stock’s 50-day moving average is $201.6 and its 200-day moving average is $191.2. The company’s market cap is $25.255 billion. Tesla Motors also saw some unusual options trading activity on Thursday. Traders bought 83,961 call options on the company. This is an increase of approximately 128% compared to the typical volume of 36,776 call options.
Tesla Motors (NASDAQ:TSLA) last announced its earnings results 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. On average, analysts predict that Tesla Motors will post $1.19 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TSLA. 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 equities research 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 a consensus rating of “Buy” and an average price target of $223.06.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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