Tesla Motors Inc (TSLA) : Appropriate Balance Financial Services reduced its stake in Tesla Motors Inc by 2.66% during the most recent quarter end. The investment management company now holds a total of 2,631 shares of Tesla Motors Inc which is valued at $585,476 after selling 72 shares in Tesla Motors Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Tesla Motors Inc makes up approximately 0.38% of Appropriate Balance Financial Services’s portfolio.
Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in TSLA in the latest quarter, The investment management firm added 1,433 additional shares and now holds a total of 38,663 shares of Tesla Motors Inc which is valued at $8,603,677. Tesla Motors Inc makes up approx 0.07% of Gateway Investment Advisers’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in TSLA in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 28,911 shares of Tesla Motors Inc which is valued at $6,433,565. Tesla Motors Inc makes up approx 0.11% of Gulf International Bank (uk) Ltd’s portfolio.Chevy Chase Trust Holdings boosted its stake in TSLA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,446 shares of Tesla Motors Inc which is valued at $313,464. Beacon Capital Management added TSLA to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $434.
Tesla Motors Inc closed down -1.13 points or -0.51% at $220.4 with 22,34,247 shares getting traded on Friday. Post opening the session at $222.52, the shares hit an intraday low of $219.64 and an intraday high of $222.7499 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Many Wall Street Analysts have commented on Tesla Motors Inc. Shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 210 from a previous price target of $220 .Shares were Reiterated by Pacific Crest on Jul 6, 2016 to “Sector Weight” and Lowered the Price Target to $ 190 from a previous price target of $212 .Tesla Motors Inc was Downgraded by Argus to ” Hold” on Jun 28, 2016.
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.