Motley Fool Wealth Management buys $9.5 Million stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Motley Fool Wealth Management scooped up 873 additional shares in Tesla Motors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 45,644 shares of Tesla Motors Inc which is valued at $9.5 Million.Tesla Motors Inc makes up approximately 1.13% of Motley Fool Wealth Management’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in TSLA by selling 5,946 shares or 61.0% in the most recent quarter. The Hedge Fund company now holds 3,802 shares of TSLA which is valued at $789,333.Teacher Retirement System Of Texas boosted its stake in TSLA in the latest quarter, The investment management firm added 2,975 additional shares and now holds a total of 5,348 shares of Tesla Motors Inc which is valued at $1.1 Million. Tesla Motors Inc makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Janney Montgomery Scott boosted its stake in TSLA in the latest quarter, The investment management firm added 10,369 additional shares and now holds a total of 28,119 shares of Tesla Motors Inc which is valued at $5.8 Million. Tesla Motors Inc makes up approx 0.15% of Janney Montgomery Scott’s portfolio.Lourd Capital boosted its stake in TSLA in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 1,142 shares of Tesla Motors Inc which is valued at $245,450. Tesla Motors Inc makes up approx 0.03% of Lourd Capital’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 Million. Tesla Motors Inc makes up approx 0.52% of Agran Libbie’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.

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