Several brokerages have updated their recommendations and price targets on shares of Tesla (NASDAQ: TSLA) in the last few weeks:

  • 10/20/2017 – Tesla had its price target lowered by analysts at J P Morgan Chase & Co from $200.00 to $195.00. They now have an “underweight” rating on the stock.
  • 10/18/2017 – Tesla was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “During third-quarter 2017, Tesla delivered 220 Model 3s and produced 260, missing the production target of 1,500. This indicates that production has not been as smooth as anticipated. Tesla attributed production bottlenecks for this slow production. The company caters to a niche market and has been recording losses over the last few years. Moreover, the company is facing supply chain problems which are restricting its ability to increase production. High research and development costs, low number of chargers, high requirement of capital expenditure and opposition to direct selling in some states are other headwinds. During third-quarter 2017, the company delivered 220 Model 3s and produced 260, missing the production target of 1,500. This indicates that production has not been as smooth as anticipated. Tesla attributed production bottlenecks for this slow production.”
  • 10/16/2017 – Tesla had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 10/16/2017 – Tesla was given a new $386.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/15/2017 – Tesla had its “sell” rating reaffirmed by analysts at Barclays PLC.
  • 10/13/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $320.97 price target on the stock.
  • 10/9/2017 – Tesla had its price target raised by analysts at Morgan Stanley from $317.00 to $379.00. They now have an “equal weight” rating on the stock.
  • 10/6/2017 – Tesla had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $430.00 price target on the stock.
  • 10/4/2017 – Tesla is now covered by analysts at Nomura. They set a “buy” rating and a $500.00 price target on the stock.
  • 10/4/2017 – Tesla is now covered by analysts at Instinet. They set a “buy” rating and a $500.00 price target on the stock.
  • 10/4/2017 – Tesla was downgraded by analysts at Standpoint Research from a “hold” rating to a “sell” rating.
  • 10/3/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $308.16 price target on the stock.
  • 10/3/2017 – Tesla had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $155.00 price target on the stock.
  • 10/3/2017 – Tesla had its “sell” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $210.00 price target on the stock.
  • 10/3/2017 – Tesla had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $265.00 price target on the stock.
  • 10/3/2017 – Tesla had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $317.00 price target on the stock.
  • 9/29/2017 – Tesla had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $411.00 price target on the stock.
  • 9/27/2017 – Tesla was given a new $265.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 9/27/2017 – Tesla had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $386.00 price target on the stock.
  • 9/26/2017 – Tesla was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $298.58 price target on the stock.
  • 9/26/2017 – Tesla had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $317.00 price target on the stock.
  • 9/20/2017 – Tesla was given a new $265.00 price target on by analysts at Sanford C. Bernstein. They now have a “neutral” rating on the stock.
  • 9/20/2017 – Tesla was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $341.74 price target on the stock.
  • 9/19/2017 – Tesla is now covered by analysts at Jefferies Group LLC. They set an “underperform” rating and a $280.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/18/2017 – Tesla had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $411.00 price target on the stock.
  • 9/14/2017 – Tesla had its “hold” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $265.00 price target on the stock.
  • 9/13/2017 – Tesla had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $210.00 price target on the stock, up previously from $165.00.
  • 9/7/2017 – Tesla had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $317.00 price target on the stock.
  • 9/5/2017 – Tesla had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $320.00 price target on the stock, up previously from $240.00.

Tesla Inc. (TSLA) traded up 0.8620% on Monday, hitting $348.0748. The company had a trading volume of 896,221 shares. Tesla Inc. has a one year low of $178.19 and a one year high of $389.61. The company’s market capitalization is $58.09 billion. The stock’s 50-day moving average price is $355.47 and its 200 day moving average price is $339.93.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company earned ($1.06) EPS. Tesla’s revenue for the quarter was up 119.6% on a year-over-year basis. On average, analysts expect that Tesla Inc. will post ($6.59) EPS for the current fiscal year.

In related news, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the transaction, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Friday, September 1st. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. Following the transaction, the director now owns 158,584 shares in the company, valued at approximately $56,329,036.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,446 shares of company stock worth $17,504,929. 23.10% of the stock is owned by corporate insiders.

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.

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