Tesla Motors Inc (TSLA) : Reynolds Capital Management reduced its stake in Tesla Motors Inc by 20.0% during the most recent quarter end. The investment management company now holds a total of 6,400 shares of Tesla Motors Inc which is valued at $1.3 Million after selling 1,600 shares in Tesla Motors Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Tesla Motors Inc makes up approximately 2.34% of Reynolds Capital Management’s portfolio.
Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 1,333 additional shares and now holds a total of 3,054 shares of Tesla Motors Inc which is valued at $634,041. Landscape Capital Management L.l.c. sold out all of its stake in TSLA during the most recent quarter. The investment firm sold 880 shares of TSLA which is valued $182,697.Tiaa Cref Investment Management reduced its stake in TSLA by selling 243,264 shares or 20.17% in the most recent quarter. The Hedge Fund company now holds 962,876 shares of TSLA which is valued at $207 Million. Tesla Motors Inc makes up approx 0.16% of Tiaa Cref Investment Management’s portfolio.Wedbush Securities Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 1,564 shares of Tesla Motors Inc which is valued at $336,151. Tesla Motors Inc makes up approx 0.06% of Wedbush Securities Inc’s portfolio.Whittier Trust Co boosted its stake in TSLA in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 496 shares of Tesla Motors Inc which is valued at $119,417. Tesla Motors Inc makes up approx 0.01% of Whittier Trust Co’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.