Published: Thu, December 01, 2016
Economy | By Melissa Porter

Tesla Motors Inc (NASDAQ:TSLA) Shares Declines -0.27% in Premarket

Tesla Motors Inc (NASDAQ:TSLA) Shares Declines -0.27% in Premarket

(NASDAQ:TSLA) in a research note published on Monday. They now have a Dollars 338 price target on the stock. Analyst's ratings play a vital role in defining a stock's performance for the day.

The 13 analysts offering 12-month price forecasts for Tesla have a median target of 190.00, with a high estimate of 500.00 and a low estimate of 160.00. The count of Hold ratings in that period was 4.

Jefferies began new coverage on Lithia Motors, Inc. giving the company a "buy" rating. (NASDAQ:TSLA)'s Buy count is 1 and Strong Buy is 2 while the number of analysts recommending Sell and Strong Sell are 2 and 7, respectively. They now have a United States dollars 105 price target on the stock.

Since going public more than 6 years ago, Tesla Motors (NASDAQ:TSLA) has been a battleground stock between the bulls and bears. The stock's market capitalization is 2.33B, it has a 52-week low of 68.70 and a 52-week high of 126.56.

The stock price of firm is moving up from its 20 days moving average with 11.69% and remote isolated positively from 50 days moving average with 1.78%. Argus analysts disclosed their opinion on Tesla Motors, Inc. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $1.25.

PulteGroup, Inc. (NYSE:PHM) in the last quarter reported its actual EPS of $0.37/share where the analyst estimated EPS was $0.44/share. Tesla Motors had a negative return on equity of 34.68% and a negative net margin of 14.74%. The firm's revenue for the quarter was up 145.3% compared to the same quarter past year. (NASDAQ:TSLA)'s latest quarter, EPS moved to $0.71 from $-1.06 in preceding quarter and revenues reached at $2,298.35M compared to $1,562.67M. Equities research analysts expect that Tesla Motors will post ($2.04) EPS for the current year. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States & global copyright law.

07/24/2015 - Lithia Motors, Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus. TSLA Director Musk Kimbal also sold 460 shares, at a stock price of $224.37. The RSI of 54.32 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now. The company has volume of 2.36 Million shares. Following the transaction, the director now owns 154,644 shares in the company, valued at $30,557,654.40. The disclosure for this sale can be found here. Baillie Gifford & Co. raised its stake in Tesla Motors by 9.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer's stock valued at $115,000 after buying an additional 1,305 shares in the last quarter.

Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. Insiders own 27.70% of the company's stock. Toronto Dominion Bank increased its position in shares of Tesla Motors by 171.5% in the second quarter. State Treasurer State of MI now owns 339,623 shares of the electric vehicle producer's stock valued at $72,095,000 after buying an additional 234,802 shares during the period. Bloom Tree Partners LLC bought a new stake in Tesla Motors during the first quarter worth about $59,515,000. Hedge funds and other institutional investors own 60.93% of the company's stock. These two projects could delay the overall deadline of Tesla projects, although the company has a habit of promising what it can deliver.

Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles and energy storage products.

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