Tesla Inc. (NASDAQ:TSLA) VP Eric Branderiz sold 99 shares of Tesla stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total value of $34,661.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tesla Inc. (NASDAQ TSLA) traded up 1.76% during midday trading on Thursday, hitting $350.61. The stock had a trading volume of 4,239,213 shares. The company’s market cap is $58.51 billion. The stock’s 50 day moving average price is $347.07 and its 200-day moving average price is $319.03. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $386.99.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company’s quarterly revenue was up 119.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.06) earnings per share. Equities research analysts predict that Tesla Inc. will post ($6.26) earnings per share for the current year.

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Several research firms have recently weighed in on TSLA. Morgan Stanley reissued a “hold” rating and issued a $317.00 target price on shares of Tesla in a report on Thursday. Argus reiterated a “hold” rating on shares of Tesla in a research report on Thursday, May 11th. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 target price on the stock in a research report on Wednesday, May 17th. ValuEngine upgraded Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Tesla from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $313.70.

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Tesla by 10.9% during the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock worth $6,804,556,000 after buying an additional 2,400,034 shares during the last quarter. Baillie Gifford & Co. grew its stake in Tesla by 2.5% during the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock worth $3,792,025,000 after buying an additional 336,130 shares during the last quarter. Vanguard Group Inc. grew its stake in Tesla by 4.9% during the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after buying an additional 292,602 shares during the last quarter. Capital World Investors grew its stake in Tesla by 0.6% during the second quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock worth $1,090,815,000 after buying an additional 17,452 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Tesla by 4.3% during the second quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock worth $1,085,801,000 after buying an additional 124,511 shares during the last quarter. 56.67% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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