Tesla (TSLA) Issues Quarterly Earnings Results

Tesla (NASDAQ:TSLA) posted its quarterly earnings results on Wednesday. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.12) by $0.08, Briefing.com reports. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.69) earnings per share.

Shares of Tesla (NASDAQ TSLA) opened at $345.00 on Thursday. The firm has a market cap of $57,980.00, a P/E ratio of -40.30 and a beta of 0.97. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a 1 year low of $242.01 and a 1 year high of $389.61.

TSLA has been the subject of a number of analyst reports. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price for the company in a report on Friday, October 13th. Barclays reiterated a “sell” rating on shares of Tesla in a report on Sunday, October 15th. Oppenheimer reissued a “hold” rating on shares of Tesla in a research note on Monday, October 16th. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Eleven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $327.11.

In related news, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $302.31, for a total value of $524,810.16. Following the sale, the vice president now owns 1,736 shares in the company, valued at $524,810.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total transaction of $476,938.00. Following the completion of the sale, the vice president now owns 21,528 shares in the company, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. Insiders sold 11,967 shares of company stock worth $3,817,242 in the last 90 days. 23.10% of the stock is currently owned by corporate insiders.

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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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