Tesla Motors Inc (TSLA) : Peak6 Investments added new position in Tesla Motors Inc during the most recent quarter end. The investment management firm now holds 78,611 shares of Tesla Motors Inc which is valued at $16.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Tesla Motors Inc makes up approximately 1.31% of Peak6 Investments’s portfolio.
Other Hedge Funds, Including , Quadrature Capital Ltd added TSLA to its portfolio by purchasing 59,968 company shares during the most recent quarter which is valued at $12.4 Million. Tesla Motors Inc makes up approx 1.72% of Quadrature Capital Ltd’s portfolio.Brave Asset Management Inc reduced its stake in TSLA by selling 100 shares or 42.55% in the most recent quarter. The Hedge Fund company now holds 135 shares of TSLA which is valued at $28,027. Tesla Motors Inc makes up approx 0.02% of Brave Asset Management Inc’s portfolio.Rehmann Capital Advisory Group boosted its stake in TSLA in the latest quarter, The investment management firm added 323 additional shares and now holds a total of 1,343 shares of Tesla Motors Inc which is valued at $278,820. Tesla Motors Inc makes up approx 0.05% of Rehmann Capital Advisory Group’s portfolio.Gamco Investors Et Al boosted its stake in TSLA in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 2,595 shares of Tesla Motors Inc which is valued at $557,743. Quantbot Technologies Lp added TSLA to its portfolio by purchasing 12,920 company shares during the most recent quarter which is valued at $3.1 Million. Tesla Motors Inc makes up approx 0.49% of Quantbot Technologies Lp’s portfolio.
Tesla Motors Inc opened for trading at $217.91 and hit $221.36 on the upside on Wednesday, eventually ending the session at $219.58, with a gain of 0.77% or 1.67 points. The heightened volatility saw the trading volume jump to 31,32,545 shares. Company has a market cap of $29,412 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. Shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 242 from a previous price target of $252 .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.
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.