Tesla Motors Inc (TSLA) : Domini Social Investments added new position in Tesla Motors Inc during the most recent quarter end. The investment management firm now holds 1,713 shares of Tesla Motors Inc which is valued at $355,636 , the company said in a statement filed on May 12, 2016 with the SEC.Tesla Motors Inc makes up approximately 9.70% of Domini Social Investments’s portfolio.
Other Hedge Funds, Including , Eulav Asset Management reduced its stake in TSLA by selling 3,500 shares or 20.59% in the most recent quarter. The Hedge Fund company now holds 13,500 shares of TSLA which is valued at $2.8 Million. Tesla Motors Inc makes up approx 0.16% of Eulav Asset Management’s portfolio.Johnson Financial Group reduced its stake in TSLA by selling 45 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 60 shares of TSLA which is valued at $12,457.Tortoise Investment Management boosted its stake in TSLA in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 550 shares of Tesla Motors Inc which is valued at $118,212. Tesla Motors Inc makes up approx 0.04% of Tortoise Investment Management’s portfolio.Schwab Charles Investment Management Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 5,329 additional shares and now holds a total of 137,241 shares of Tesla Motors Inc which is valued at $29.5 Million. Tesla Motors Inc makes up approx 0.04% of Schwab Charles Investment Management Inc’s portfolio.
Tesla Motors Inc opened for trading at $216.99 and hit $220.55 on the upside on Friday, eventually ending the session at $220.28, with a gain of 2.36% or 5.07 points. The heightened volatility saw the trading volume jump to 90,07,076 shares. Company has a market cap of $29,505 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. Goldman Upgraded Tesla Motors Inc on May 18, 2016 to ” Buy”, Price Target of the shares are set at $250.Dougherty & Company Resumed Tesla Motors Inc on May 9, 2016 to “Buy”, Price Target of the shares are set at $500.Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 252 from a previous price target of $180 .
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.