Tesla Motors Inc (TSLA) was Resumed by Dougherty & Company to “Buy” and the brokerage firm has set the Price Target at $500. Dougherty & Company advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Tesla Motors Inc. 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 .Company shares were Reiterated by UBS on May 5, 2016 to “Sell”, Firm has raised the Price Target to $ 160 from a previous price target of $140 .Barclays Reiterated Tesla Motors Inc on May 5, 2016 to “Underweight”, Price Target of the shares are set at $165.
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 opened for trading at $210.87 and hit $216.37 on the upside on Friday, eventually ending the session at $214.93, with a gain of 1.61% or 3.4 points. The heightened volatility saw the trading volume jump to 56,85,237 shares. Company has a market cap of $28,383 M.
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.