Tesla Motors Inc (TSLA) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 252

Tesla Motors Inc (TSLA) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 252 from a previous price target of $180 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Tesla Motors Inc. Company shares were Reiterated by Goldman on Apr 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 245 from a previous price target of $202 .Tesla Motors Inc was Downgraded by Standpoint Research to ” Sell” on Apr 7, 2016. Company shares were Reiterated by Credit Suisse on Apr 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 280 from a previous price target of $240 .

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.

Tesla Motors Inc closed down -9.76 points or -4.20% at $222.56 with 87,00,459 shares getting traded on Wednesday. Post opening the session at $230.29, the shares hit an intraday low of $220.4 and an intraday high of $234.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 4, 2016, Kimbal Musk (director) sold 5,555 shares at $239.29 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

Tesla Motors Inc

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