Tesla Motors Inc (TSLA) Files Form 4 Insider Selling : Kimbal Musk Sells 460 Shares

Tesla Motors Inc (TSLA): Kimbal Musk , director of Tesla Motors Inc sold 460 shares on Jun 13, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $224.37 per share for a total value of $103,211.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, John Douglas Field (VP, Engineering) sold 1,000 shares at $230.75 per share price.On May 26, 2016, Elon Musk (CEO) sold 2,782,670 shares at $213.22 per share price.Also, On May 16, 2016, Brad W Buss (director) sold 15,333 shares at $207.84 per share price.On May 4, 2016, Kimbal Musk (director) sold 5,555 shares at $239.29 per share price.

Tesla Motors Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Tesla Motors Inc which led to swings in the share price. The shares opened for trading at $216.95 and hit $221.9 on the upside , eventually ending the session at $217.7, with a gain of 1.27% or 2.74 points. The heightened volatility saw the trading volume jump to 29,08,522 shares. The 52-week high of the share price is $286.65 and the company has a market cap of $29,160 M . The 52-week low of the share price is at $141.05.

Tesla Motors Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tesla Motors Inc is Initiated by Piper Jaffray to Neutral and the brokerage firm has set the Price Target at $223. The Rating was issued on Jun 10, 2016.Tesla Motors Inc is Initiated by Sterne Agee CRT to Buy and the brokerage firm has set the Price Target at $300. The Rating was issued on Jun 3, 2016.Tesla Motors Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 242 from a previous price target of $252 . The Rating was issued on May 25, 2016.Tesla Motors Inc is Upgraded by Goldman to Buy and the brokerage firm has set the Price Target at $250. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 18, 2016.Tesla Motors Inc is Resumed by Dougherty & Company to Buy and the brokerage firm has set the Price Target at $500. The Rating was issued on May 9, 2016.

Tesla Motors Inc. is a United States-based company which designs develops manufactures and sells electric vehicles electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S which is a fully electric four-door five-adult passenger sedan. In addition to developing its own vehicles it develops sells and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes commercial sites and utilities. The applications for these battery systems include backup power peak demand reduction demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car Supercharger charging stations and Powerwall a home battery.

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Tesla Motors Inc - Is it time to Sell?

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