Marcus Capital Lowers stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Marcus Capital reduced its stake in Tesla Motors Inc by 0.11% during the most recent quarter end. The investment management company now holds a total of 22,175 shares of Tesla Motors Inc which is valued at $4,603,752 after selling 25 shares in Tesla Motors Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Tesla Motors Inc makes up approximately 5.06% of Marcus Capital’s portfolio.

Other Hedge Funds, Including , Zweig-dimenna Associates boosted its stake in TSLA in the latest quarter, The investment management firm added 14,247 additional shares and now holds a total of 27,000 shares of Tesla Motors Inc which is valued at $5,605,470. Tesla Motors Inc makes up approx 0.49% of Zweig-dimenna Associates’s portfolio.Ausdal Financial Partners boosted its stake in TSLA in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 907 shares of Tesla Motors Inc which is valued at $194,942. Tesla Motors Inc makes up approx 0.11% of Ausdal Financial Partners’s portfolio.Agran Libbie boosted its stake in TSLA in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 9,442 shares of Tesla Motors Inc which is valued at $2,029,369. Tesla Motors Inc makes up approx 0.52% of Agran Libbie’s portfolio.American Century Companies Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 289,298 additional shares and now holds a total of 591,908 shares of Tesla Motors Inc which is valued at $127,218,786. Tesla Motors Inc makes up approx 0.15% of American Century Companies Inc’s portfolio.World Asset Management Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 2,248 shares of Tesla Motors Inc which is valued at $541,228. Tesla Motors Inc makes up approx 0.02% of World Asset Management Inc’s portfolio.

Tesla Motors Inc opened for trading at $208.15 and hit $213.15 on the upside on Monday, eventually ending the session at $208.29, with a gain of 0.33% or 0.68 points. The heightened volatility saw the trading volume jump to 29,49,396 shares. Company has a market cap of $27,899 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.

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