Gemmer Asset Management buys $1,438,236 stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Gemmer Asset Management scooped up 5,050 additional shares in Tesla Motors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 5,651 shares of Tesla Motors Inc which is valued at $1,438,236.Tesla Motors Inc makes up approximately 0.83% of Gemmer Asset Management’s portfolio.

Tesla Motors Inc closed down -1.68 points or -0.67% at $248.29 with 27,83,059 shares getting traded on Wednesday. Post opening the session at $248.99, the shares hit an intraday low of $246.91 and an intraday high of $250.9 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Gradient Investments boosted its stake in TSLA in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 210 shares of Tesla Motors Inc which is valued at $53,447. Tesla Motors Inc makes up approx 0.01% of Gradient Investments’s portfolio.Benjamin F. Edwards Company boosted its stake in TSLA in the latest quarter, The investment management firm added 3,934 additional shares and now holds a total of 4,844 shares of Tesla Motors Inc which is valued at $1,232,846. Tesla Motors Inc makes up approx 0.25% of Benjamin F. Edwards Company’s portfolio.Kanaly Trust Co reduced its stake in TSLA by selling 81 shares or 84.38% in the most recent quarter. The Hedge Fund company now holds 15 shares of TSLA which is valued at $3,818.Creative Planning boosted its stake in TSLA in the latest quarter, The investment management firm added 8,666 additional shares and now holds a total of 25,580 shares of Tesla Motors Inc which is valued at $6,392,954. Tesla Motors Inc makes up approx 0.05% of Creative Planning’s portfolio.

On the company’s financial health, Tesla Motors Inc reported $-0.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.99 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.12. The company had revenue of $1747.00 million for the quarter, compared to analysts expectations of $1809.32 million. The company’s revenue was up 59.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Tesla Motors Inc. Tesla Motors Inc was Downgraded by Standpoint Research to ” Sell” on Apr 7, 2016. Company shares were Reiterated by Credit Suisse on Apr 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 280 from a previous price target of $240 .Company shares were Reiterated by Dougherty & Company on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 500 from a previous price target of $355 .

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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