Share on StockTwits

Shares of Tesla Motors (NASDAQ:TSLA) were the recipient of a large drop in short interest during the month of June. As of June 13th, there was short interest totalling 24,619,265 shares, a drop of 2.4% from the May 30th total of 25,231,640 shares, Analyst RN reports. Currently, 28.6% of the company’s stock are sold short. Based on an average daily trading volume, of 3,894,906 shares, the short-interest ratio is currently 6.3 days.

Several analysts have recently commented on the stock. Analysts at Robert W. Baird reiterated a “positive” rating on shares of Tesla Motors in a research note on Friday, June 13th. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $223.06.

Tesla Motors (NASDAQ:TSLA) opened at 239.72 on Wednesday. Tesla Motors has a 1-year low of $104.50 and a 1-year high of $265.00. The stock’s 50-day moving average is $213.0 and its 200-day moving average is $200.8. The company’s market cap is $29.747 billion.

Tesla Motors (NASDAQ:TSLA) last announced its 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 $1.18 EPS 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.