Tesla Motors (TSLA) has been under a strong bear grip, hence the stock is down -2% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.17% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 2.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.65% and the 50-Day Moving Average is 2.29%.
Tesla Motors (NASDAQ:TSLA): The stock opened at $222.52 on Friday but the bulls could not build on the opening and the stock topped out at $222.75 for the day. The stock traded down to $219.64 during the day, due to lack of any buying support eventually closed down at $220.40 with a loss of -0.51% for the day. The stock had closed at $221.53 on the previous day. The total traded volume was 2,234,247 shares.
The company Insiders own 27.7% of Tesla Motors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.24% . Institutional Investors own 65.52% of Tesla Motors shares. During last six month period, the net percent change held by insiders has seen a change of -0.85%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Tesla Motors Inc, Musk Kimbal had sold 460 shares worth of $103,210 in a transaction dated June 13, 2016. In this transaction, 460 shares were sold at $224.37 per share.
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.