Tesla Motors Inc (TSLA) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $-0.67. The company posted revenue of $1601.70 million in the period, 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. 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 .
Tesla Motors Inc opened for trading at $241.5 and hit $243.19 on the upside on Monday, eventually ending the session at $241.8, with a gain of 0.43% or 1.04 points. The heightened volatility saw the trading volume jump to 38,43,935 shares. Company has a market cap of $31,931 M.
In a different news, on Apr 28, 2016, John Douglas Field (VP, Engineering) sold 1,000 shares at $252.48 per share price. According to the SEC, on Mar 22, 2016, Kimbal Musk (director) sold 11,997 shares at $232.71 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.