Price Don’t Lie: Tesla Motors Inc Declines Again; Strong Momentum for Sellers

Price Don't Lie: Tesla Motors Inc Declines Again; Strong Momentum for Sellers

The stock of Tesla Motors Inc (NASDAQ:TSLA) is a huge mover today! About 1.86M shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 3.50% since March 11, 2016 and is downtrending. It has underperformed by 8.96% the S&P500.
The move comes after 7 months negative chart setup for the $29.15 billion company. It was reported on Oct, 14 by We have $185.46 PT which if reached, will make NASDAQ:TSLA worth $1.75 billion less.

Analysts await Tesla Motors Inc (NASDAQ:TSLA) to report earnings on November, 1. They expect $-0.41 earnings per share, up 59.41% or $0.60 from last year’s $-1.01 per share. After $-1.54 actual earnings per share 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), 9 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 43% are positive. Tesla Motors Inc has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Pacific Crest maintained it with “Sector Weight” rating and $190 target price in Wednesday, July 6 report. Oppenheimer maintained Tesla Motors Inc (NASDAQ:TSLA) rating on Tuesday, September 8. Oppenheimer has “Outperform” rating and $340 price target. The firm earned “Buy” rating on Friday, August 7 by Dougherty & Company. The stock has “Market Perform” rating given by JMP Securities on Monday, December 14. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Underweight”. The firm has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, October 7. As per Friday, August 7, the company rating was maintained by Goldman Sachs. Credit Suisse maintained the shares of TSLA in a report on Wednesday, November 25 with “Outperform” rating. Morgan Stanley downgraded Tesla Motors Inc (NASDAQ:TSLA) rating on Thursday, June 23. Morgan Stanley has “Equal-Weight” rating and $245 price target.

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 improved, 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.
Cibc Ww Mkts last reported 0.01% of its portfolio in the stock. Utah Retirement accumulated 21,507 shares or 0.12% of the stock. Goldman Sachs Gp Incorporated Inc reported 1.42 million shares or 0.1% of all its holdings. Whittier Company Of Nevada Incorporated owns 7,762 shares or 0.19% of their US portfolio. Beech Hill Advsr holds 0.48% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 3,331 shares. Moreover, Rocky Mountain Advisers Ltd Liability Company has 0.56% invested in Tesla Motors Inc (NASDAQ:TSLA) for 500 shares. Blackrock Gp has 0.07% invested in the company for 652,164 shares. Oregon Pub Employees Retirement Fund accumulated 100 shares or 0% of the stock. Sumitomo Life Insur holds 0.1% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 3,321 shares. Rothschild Investment Corporation Il accumulated 0.65% or 24,051 shares. The California-based Van Hulzen Asset Mngmt Limited Com has invested 1.03% in Tesla Motors Inc (NASDAQ:TSLA). Credit Agricole S A owns 54,879 shares or 0.04% of their US portfolio. Advisory Network Ltd, a Georgia-based fund reported 427 shares. Moreover, Thompson Davis has 0.11% invested in Tesla Motors Inc (NASDAQ:TSLA) for 321 shares. Van Eck Associate holds 0.04% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 38,274 shares.

Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 4 sales for $1.91 million net activity. Musk Kimbal also sold $1.32 million worth of Tesla Motors Inc (NASDAQ:TSLA) shares. FIELD JOHN DOUGLAS sold $230,916 worth of stock or 1,000 shares.

More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: which released: “No Capital Needed: How SolarCity Corp. Could Help Tesla Motors Inc.” on October 11, 2016, also with their article: “Tesla Motors, Inc. Won’t Need to Raise Cash This Quarter After All” published on October 11, 2016, published: “Tesla Motors, Inc.’s Model X Deliveries Nearly Double in Q3” on October 06, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: and their article: “1 Chart Shows Tesla Motors, Inc.’s Staggering Growth” published on October 04, 2016 as well as‘s news article titled: “Tesla Motors, Inc. Hires Former Apple PR Veteran” 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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