Tesla Motors Inc (TSLA) was Reiterated by Goldman to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 245 from a previous price target of $202 . Goldman advised their investors in a research report released on Apr 25, 2016.
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 .
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.
Tesla Motors Inc opened for trading at $248.89 and hit $254 on the upside on Friday, eventually ending the session at $253.75, with a gain of 2.20% or 5.46 points. The heightened volatility saw the trading volume jump to 37,86,327 shares. Company has a market cap of $33,509 M.
In a different news, on Mar 22, 2016, Kimbal Musk (director) sold 11,997 shares at $232.71 per share price. According to the SEC, on Dec 17, 2015, Jeffrey B Straubel (Chief Technical Officer) sold 5,000 shares at $220.64 per share price. On Nov 10, 2015, Gregory Reichow (VP Manufacturing) sold 12,709 shares at $231.60 per share price, according to the Form-4 filing with the securities and exchange commission.
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.