Tesla Inc. (NASDAQ:TSLA)‘s stock had its “underweight” rating restated by analysts at Barclays PLC in a report released on Wednesday. They currently have a $210.00 price objective on the electric vehicle producer’s stock, up from their prior price objective of $165.00. Barclays PLC’s price target indicates a potential downside of 42.11% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 price objective on the stock in a research note on Wednesday, May 17th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Tesla from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Citigroup Inc. assumed coverage on shares of Tesla in a research note on Thursday, July 20th. They issued a “neutral” rating and a $357.00 price objective on the stock. Finally, Berenberg Bank reissued a “buy” rating on shares of Tesla in a report on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $315.31.

Shares of Tesla (TSLA) traded up 1.0506% on Wednesday, hitting $366.5611. 2,540,254 shares of the stock traded hands. Tesla has a one year low of $178.19 and a one year high of $386.99. The company’s market cap is $61.17 billion. The stock has a 50 day moving average of $348.47 and a 200 day moving average of $320.62.

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

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In related news, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the transaction, the director now owns 36,111 shares in the company, valued at $12,290,739.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric Branderiz sold 99 shares of Tesla stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,946 shares of company stock valued at $18,481,047. Company insiders own 23.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Tesla by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $309,000 after purchasing an additional 4 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Tesla by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of Tesla by 2.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after purchasing an additional 18 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in shares of Tesla by 2.6% in the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock valued at $282,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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