Shares of Tesla Inc. (NASDAQ:TSLA) have been given an average rating of “Hold” by the thirty-six brokerages that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $308.45.

A number of research analysts recently commented on the company. Berenberg Bank raised Tesla from a “hold” rating to a “buy” rating and boosted their price target for the company from $193.00 to $464.00 in a research note on Tuesday, June 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $368.00 price target on shares of Tesla in a research note on Tuesday, June 20th. Argus raised Tesla from a “hold” rating to a “buy” rating and boosted their price target for the company from $355.17 to $444.00 in a research note on Tuesday, August 8th. Vetr downgraded Tesla from a “strong-buy” rating to a “buy” rating and set a $358.85 price target for the company. in a research note on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $180.00 price target (down previously from $190.00) on shares of Tesla in a research note on Monday, July 31st.

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the transaction, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 4,690 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total value of $1,724,419.20. Following the transaction, the director now directly owns 166,164 shares in the company, valued at $61,095,179.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,946 shares of company stock worth $18,481,047. Insiders own 23.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its position in shares of Tesla by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after purchasing an additional 4 shares during the period. North Star Investment Management Corp. raised its position in shares of Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after purchasing an additional 9 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Tesla by 2.3% during the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after purchasing an additional 9 shares during the period. Sterling Investment Advisors Ltd. raised its position in shares of Tesla by 2.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock worth $308,000 after purchasing an additional 18 shares during the period. Finally, Gemmer Asset Management LLC raised its position in shares of Tesla by 2.6% during the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock worth $282,000 after purchasing an additional 20 shares during the period. 56.67% of the stock is currently owned by institutional investors.

Shares of Tesla (TSLA) opened at 379.81 on Friday. The stock has a 50 day moving average of $352.07 and a 200 day moving average of $323.07. The company’s market cap is $63.39 billion. Tesla has a 12-month low of $178.19 and a 12-month high of $386.99.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.00) by $0.67. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. Tesla’s revenue for the quarter was up 119.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.06) earnings per share. On average, equities analysts expect that Tesla will post ($6.26) earnings per share for the current fiscal year.

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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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