Price Target Update on Tesla Motors (NASDAQ:TSLA)

Tesla Motors (NASDAQ:TSLA) : Currently there are 13 street experts covering Tesla Motors (NASDAQ:TSLA) stock. The most bullish and bearish price target for the stock is $500 and $120 respectively for the short term. The average price target of all the analysts comes to $254.85. The estimated standard deviation from the target is $117.25.

Other Equity analysts have also commented on the company shares. Piper Jaffray initiates coverage on Tesla Motors (NASDAQ:TSLA) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $223 per share. The rating by the firm was issued on June 9, 2016.

Tesla Motors (NASDAQ:TSLA): On Thursdays trading session , Opening price of the stock was $195.69 with an intraday high of $197.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $192.13. However, the stock managed to close at $196.4, a loss of 0.13% for the day. On the previous day, the stock had closed at $196.66. The total traded volume of the day was 10,130,748 shares.

The company shares have dropped -26.84% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $216.84 and the 200 Day Moving Average price is recorded at $215.33. On the companys insider trading activities,The director of Tesla Motors Inc, Musk Kimbal sold 460 shares at $224.37 on June 13, 2016. The Insider selling transaction had a total value worth of $103,210. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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