The stock of Tesla Motors Inc (NASDAQ:TSLA) is a huge mover today! About 3.57M shares traded hands or 12.26% up from the average. Tesla Motors Inc (NASDAQ:TSLA) has risen 6.30% since February 29, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.
The move comes after 9 months positive chart setup for the $32.14 billion company. It was reported on Oct, 3 by Barchart.com. We have $331.73 PT which if reached, will make NASDAQ:TSLA worth $18.00B more.
Analysts await Tesla Motors Inc (NASDAQ:TSLA) to report earnings on November, 1. They expect $-0.41 EPS, up 59.41% or $0.60 from last year’s $-1.01 per share. After $-1.54 actual EPS reported by Tesla Motors Inc for the previous quarter, Wall Street now forecasts -73.38% EPS growth.
Tesla Motors Inc (NASDAQ:TSLA) Ratings Coverage
Out of 21 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 10 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 48% are positive. Tesla Motors Inc has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, June 3 by Sterne Agee CRT. S&P Research upgraded Tesla Motors Inc (NASDAQ:TSLA) on Tuesday, October 13 to “Hold” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 11. The firm has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The company was maintained on Tuesday, October 6 by Morgan Stanley. Pacific Crest maintained the stock with “Sector Weight” rating in Wednesday, July 6 report. The company was downgraded on Tuesday, July 21 by UBS. On Thursday, February 11 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating given on Monday, May 9 by Dougherty & Company. The firm has “Buy” rating by Argus Research given on Monday, March 21.
According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.17, from 1.18 in 2016Q1. The ratio is positive, as 82 funds sold all Tesla Motors Inc shares owned while 123 reduced positions. 61 funds bought stakes while 216 increased positions. They now own 98.03 million shares or 2.04% more from 96.07 million shares in 2016Q1.
First Mercantile Co, a Tennessee-based fund reported 10,100 shares. Rothschild Il holds 0.65% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 24,051 shares. The New York-based Quinn Opportunity Prns has invested 0.65% in Tesla Motors Inc (NASDAQ:TSLA). Finemark Savings Bank And last reported 2,160 shares in the company. Moreover, Alliancebernstein Ltd Partnership has 0.02% invested in Tesla Motors Inc (NASDAQ:TSLA) for 82,931 shares. Tide Point Capital Management Lp, a Connecticut-based fund reported 181,819 shares. Filament Limited Liability Co has invested 0.39% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). State Bank Of America De holds 0.02% or 356,547 shares in its portfolio. Capital Advisory accumulated 0.04% or 1,027 shares. Schroder Inv has invested 0% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Ing Groep Nv has 0.02% invested in the company for 6,416 shares. Horizon Kinetics Lc has 1,967 shares for 0.01% of their US portfolio. The Ontario – Canada-based Cibc Mkts has invested 0.01% in Tesla Motors Inc (NASDAQ:TSLA). Tower Research Ltd Liability (Trc) holds 0.03% or 1,634 shares in its portfolio. The California-based Reilly Limited Liability Co has invested 0.01% in Tesla Motors Inc (NASDAQ:TSLA).
Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 4 selling transactions for $1.91 million net activity. Musk Kimbal also sold $1.32M worth of Tesla Motors Inc (NASDAQ:TSLA) on Monday, May 2. FIELD JOHN DOUGLAS also sold $253,134 worth of Tesla Motors Inc (NASDAQ:TSLA) shares.
More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Fool.com which released: “How Risky Is Tesla Motors Inc.?” on October 03, 2016, also Fool.com with their article: “Tesla Motors, Inc. Hires Former Apple PR Veteran” published on September 30, 2016, Fool.com published: “Tesla Motors, Inc. Expects Q3 to Be Its “Best Ever”” on September 29, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Fool.com and their article: “Can Tesla Motors, Inc.’s Vehicle Deliveries Live Up to Big Guidance?” published on September 28, 2016 as well as Valuewalk.com‘s news article titled: “Tesla Motors Inc (TSLA) Urging Employees To Inflate Numbers Ahead Of Secondary?” with publication date: September 30, 2016.
TSLA Company Profile
Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.
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