Investors bought shares of Tesla Motors Inc. (NASDAQ:TSLA) on weakness during trading hours on Tuesday. $121.22 million flowed into the stock on the tick-up and $99.51 million flowed out of the stock on the tick-down, for a money net flow of $21.71 million into the stock. Of all companies tracked, Tesla Motors had the 26th highest net in-flow for the day. Tesla Motors traded down ($1.70) for the day and closed at $204.64

TSLA has been the topic of several recent research reports. Bank of America Corp. raised shares of Tesla Motors to a “sell” rating in a research note on Tuesday, May 24th. Royal Bank Of Canada lowered their price target on shares of Tesla Motors from $252.00 to $242.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 25th. Goldman Sachs Group Inc. raised shares of Tesla Motors from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Thursday, May 26th. They noted that the move was a valuation call. Vetr cut shares of Tesla Motors from a “strong-buy” rating to a “buy” rating and set a $251.52 price target on the stock. in a research note on Thursday, May 26th. Finally, Argus reaffirmed a “buy” rating and set a $333.00 price target on shares of Tesla Motors in a research note on Wednesday, June 1st. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $248.75.

The firm has a 50-day moving average of $214.81 and a 200 day moving average of $222.79. The company’s market cap is $30.43 billion.

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Tesla Motors (NASDAQ:TSLA) last released its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. Tesla Motors’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.48) earnings per share. Equities research analysts anticipate that Tesla Motors Inc. will post ($0.95) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Trust Co. of Vermont raised its position in Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock worth $114,000 after buying an additional 95 shares during the last quarter. Toronto Dominion Bank raised its position in Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock worth $115,000 after buying an additional 1,305 shares during the last quarter. Proficio Capital Partners LLC raised its position in Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock worth $116,000 after buying an additional 180 shares during the last quarter. D. Scott Neal Inc. raised its position in Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock worth $121,000 after buying an additional 100 shares during the last quarter. Finally, First Manhattan Co. raised its position in Tesla Motors by 9.3% in the second quarter. First Manhattan Co. now owns 588 shares of the electric vehicle producer’s stock worth $124,000 after buying an additional 50 shares during the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Motors Company Profile

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.

5 Day Chart for NASDAQ:TSLA

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