Tesla Inc. (NASDAQ:TSLA) released its quarterly earnings results on Wednesday. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17, Bloomberg Earnings reports. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS.

A number of equities research analysts have recently issued reports on TSLA shares. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Tesla from $180.00 to $190.00 in a research note on Friday, August 4th. Vetr downgraded shares of Tesla from a “strong-buy” rating to a “buy” rating and set a $358.85 price target on the stock. in a research note on Tuesday, July 11th. Guggenheim reissued a “buy” rating and issued a $430.00 price target (up from $380.00) on shares of Tesla in a research note on Wednesday, July 5th. Berenberg Bank reissued a “buy” rating on shares of Tesla in a research note on Thursday, August 3rd. Finally, Argus raised shares of 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. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $332.18.

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 value of $15,240,299.72. Following the completion of the sale, the director now owns 36,111 shares in the company, valued at $12,290,739.96. The sale was disclosed in a legal 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 stock was sold at an average price of $355.20, for a total transaction of $777,888.00. Following the completion of the sale, the director now owns 158,584 shares of the company’s stock, valued at approximately $56,329,036.80. The disclosure for this sale can be found here. Insiders have sold 50,992 shares of company stock worth $17,390,505 in the last quarter. Insiders own 23.10% of the company’s stock.

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About Tesla

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.

Earnings History for Tesla (NASDAQ:TSLA)

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