Tesla Motors Inc (TSLA) : Gemmer Asset Management scooped up 50 additional shares in Tesla Motors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 5,701 shares of Tesla Motors Inc which is valued at $1,267,161.Tesla Motors Inc makes up approximately 0.67% of Gemmer Asset Management’s portfolio.
Other Hedge Funds, Including , Sigma Planning Corp sold out all of its stake in TSLA during the most recent quarter. The investment firm sold 1,722 shares of TSLA which is valued $382,749.Telemus Capital boosted its stake in TSLA in the latest quarter, The investment management firm added 2,226 additional shares and now holds a total of 9,251 shares of Tesla Motors Inc which is valued at $2,112,558. Tesla Motors Inc makes up approx 0.24% of Telemus Capital’s portfolio. Murphy Capital Management Inc sold out all of its stake in TSLA during the most recent quarter. The investment firm sold 1,100 shares of TSLA which is valued $251,196.Nn Investment Partners Holdings N.v. boosted its stake in TSLA in the latest quarter, The investment management firm added 4,790 additional shares and now holds a total of 15,526 shares of Tesla Motors Inc which is valued at $3,455,001. Tesla Motors Inc makes up approx 0.03% of Nn Investment Partners Holdings N.v.’s portfolio.
Tesla Motors Inc opened for trading at $230.7 and hit $235.28 on the upside on Friday, eventually ending the session at $234.79, with a gain of 1.81% or 4.18 points. The heightened volatility saw the trading volume jump to 30,70,813 shares. Company has a market cap of $31,449 M.
On the company’s financial health, Tesla Motors Inc reported $-0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.67. The company had revenue of $1601.70 million for the quarter, compared to analysts expectations of $1598.62 million. The company’s revenue was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.36 EPS.
Many Wall Street Analysts have commented on Tesla Motors Inc. Shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 210 from a previous price target of $220 .Shares were Reiterated by Pacific Crest on Jul 6, 2016 to “Sector Weight” and Lowered the Price Target to $ 190 from a previous price target of $212 .Tesla Motors Inc was Downgraded by Argus to ” Hold” on Jun 28, 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.