Tesla Motors Inc (TSLA) : Gilder Gagnon Howe Co reduced its stake in Tesla Motors Inc by 4.67% during the most recent quarter end. The investment management company now holds a total of 651,236 shares of Tesla Motors Inc which is valued at $139,970,153 after selling 31,904 shares in Tesla Motors Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Tesla Motors Inc makes up approximately 2.80% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , Jennison Associates reduced its stake in TSLA by selling 91,322 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 3,592,039 shares of TSLA which is valued at $772,036,942. Tesla Motors Inc makes up approx 0.82% of Jennison Associates’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in TSLA by selling 158 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 8,217 shares of TSLA which is valued at $1,978,325. Tesla Motors Inc makes up approx 0.23% of Whittier Trust Co Of Nevada Inc’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in TSLA in the latest quarter, The investment management firm added 11,173 additional shares and now holds a total of 154,208 shares of Tesla Motors Inc which is valued at $37,127,118. Tesla Motors Inc makes up approx 0.12% of Mizuho Trust Banking Ltd.’s portfolio.Magee Thomson Investment Partners reduced its stake in TSLA by selling 950 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 46,950 shares of TSLA which is valued at $11,913,563. Tesla Motors Inc makes up approx 3.63% of Magee Thomson Investment Partners’s portfolio. Raymond James Trust N.a. sold out all of its stake in TSLA during the most recent quarter. The investment firm sold 864 shares of TSLA which is valued $219,240.
Tesla Motors Inc closed down -0.23 points or -0.11% at $208.69 with 40,70,617 shares getting traded on Tuesday. Post opening the session at $207.55, the shares hit an intraday low of $205 and an intraday high of $209.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. 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 .Company shares were Reiterated by UBS on May 5, 2016 to “Sell”, Firm has raised the Price Target to $ 160 from a previous price target of $140 .
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.