Tesla Motors Inc (TSLA) Files Form 4 Insider Selling : Elon Musk Sells 2,782,670 Shares

Tesla Motors Inc (TSLA): Elon Musk , CEO of Tesla Motors Inc sold 2,782,670 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $213.22 per share for a total value of $5933209 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, Brad W Buss (director) sold 15,333 shares at $207.84 per share price.On May 4, 2016, Kimbal Musk (director) sold 5,555 shares at $239.29 per share price.Also, On Apr 28, 2016, John Douglas Field (VP, Engineering) sold 1,000 shares at $252.48 per share price.On Dec 17, 2015, Jeffrey B Straubel (Chief Technical Officer) sold 5,000 shares at $220.64 per share price.

Tesla Motors Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Tesla Motors Inc which led to swings in the share price. The shares opened for trading at $217.91 and hit $221.36 on the upside , 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. The 52-week high of the share price is $286.65 and the company has a market cap of $29,412 M . The 52-week low of the share price is at $141.05.

Tesla Motors Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tesla Motors Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 242 from a previous price target of $252 . The Rating was issued on May 25, 2016.Tesla Motors Inc is Upgraded by Goldman to Buy and the brokerage firm has set the Price Target at $250. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 18, 2016.Tesla Motors Inc is Resumed by Dougherty & Company to Buy and the brokerage firm has set the Price Target at $500. The Rating was issued on May 9, 2016.Tesla Motors Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 252 from a previous price target of $180 .The Rating was issued on May 5, 2016.Tesla Motors Inc is Reiterated by UBS to Sell and the brokerage firm has raised the Price Target to $ 160 from a previous price target of $140 .The Rating was issued on May 5, 2016.

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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Tesla Motors Inc - Is it time to Sell?

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