The Tesla Inc (TSLA) Upgraded at Vetr Inc.

The Tesla Inc (TSLA) Upgraded at Vetr Inc.

TSLA has been the subject of a number of other research reports. Pacific Crest restated an equal weight rating on shares of Tesla in a research report on Thursday, March 30th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Tesla in a research report on Friday, February 24th. Zacks Investment Research upgraded Tesla from a sell rating to a hold rating in a research report on Tuesday, February 28th. Deutsche Bank AG restated a hold rating and issued a $215.00 target price on shares of Tesla in a research report on Friday, February 24th. Finally, Robert W. Baird reaffirmed an outperform rating and issued a $368.00 price target on shares of Tesla in a research note on Monday, May 15th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Tesla has an average rating of Hold and a consensus target price of $276.68.

Vetr upgraded shares of Tesla Inc (NASDAQ:TSLA) from a strong sell rating to a sell rating in a research report released on Wednesday, May 24th. Vetr currently has $273.28 price objective on the electric vehicle producer’s stock.

Tesla (NASDAQ:TSLA) opened at 339.85 on Wednesday. Tesla has a 1-year low of $178.19 and a 1-year high of $344.88. The company’s market cap is $55.82 billion. The company’s 50-day moving average is $315.11 and its 200 day moving average is $258.85. Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $1.30. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.56 billion. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. On average, equities analysts predict that Tesla will post ($5.80) EPS for the current fiscal year.

Tesla (NASDAQ:TSLA) opened at 339.85 on Wednesday. Tesla has a 1-year low of $178.19 and a 1-year high of $344.88. The company’s market cap is $55.82 billion. The company’s 50-day moving average is $315.11 and its 200 day moving average is $258.85. In other Tesla news, insider Jeffrey B. Straubel sold 109,100 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total transaction of $33,582,071.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,500 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $315.67, for a total value of $789,175.00. Following the transaction, the director now owns 168,355 shares in the company, valued at $53,144,622.85. The disclosure for this sale can be found here. Insiders have sold 242,791 shares of company stock worth $74,745,344 over the last 90 days. 27.70% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. FMR LLC boosted its position in Tesla by 13.3% in the fourth quarter. FMR LLC now owns 22,050,401 shares of the electric vehicle producer’s stock worth $4,711,950,000 after buying an additional 2,582,730 shares during the period. Baillie Gifford & Co. boosted its position in Tesla by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 13,289,548 shares of the electric vehicle producer’s stock worth $2,839,843,000 after buying an additional 454,467 shares during the period. Norges Bank purchased a new position in Tesla during the fourth quarter worth approximately $94,658,000. Renaissance Technologies LLC boosted its position in Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock worth $188,630,000 after buying an additional 366,400 shares during the period. Finally, Vanguard Group Inc. boosted its position in Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock worth $1,651,654,000 after buying an additional 280,941 shares during the period. Institutional investors own 57.29% of the company’s stock. About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TSLA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Tesla Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment