Tesla Motors Inc (TSLA) is Initiated by Sterne Agee CRT to Buy, Price Target at $300

Tesla Motors Inc (TSLA) was Initiated by Sterne Agee CRT to “Buy” and the brokerage firm has set the Price Target at $300. Sterne Agee CRT advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Tesla Motors Inc. Shares were Reiterated by RBC Capital Mkts on May 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 242 from a previous price target of $252 .Goldman Upgraded Tesla Motors Inc on May 18, 2016 to ” Buy”, Price Target of the shares are set at $250.Dougherty & Company Resumed Tesla Motors Inc on May 9, 2016 to “Buy”, Price Target of the shares are set at $500.

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 -3.67 points or -1.64% at $219.56 with 29,82,695 shares getting traded on Wednesday. Post opening the session at $221.48, the shares hit an intraday low of $216.89 and an intraday high of $222.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 26, 2016, Elon Musk (CEO) sold 2,782,670 shares at $213.22 per share price. According to the SEC, 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, 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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