Tesla Inc. (TSLA) Upgraded by Vetr Inc. to "Sell"

Woodley Farra Manion Portfolio Management Lifted Johnson & Johnson (JNJ) Position; 11 Analysts Are Bullish Tesla

Institutions own 59.00% of Tesla, Inc. But GM reclaimed that throne last week, and it widened its lead over the past couple of days as investors recognized its potential to compete with Tesla in the burgeoning market for affordable electric cars. Green Square Capital LLC now owns 1,296 shares of the electric vehicle producer's stock worth $264,000 after buying an additional 10 shares during the period. The total amount of shares outstanding is 166.15M, giving the company a market capitalization of about 56.75B. Guggenheim reaffirmed a "buy" rating and set a $320.00 target price on shares of Tesla in a research note on Wednesday, April 19th. The rating was maintained by Global Equities Research on Sunday, August 16 with "Overweight". They noted that the move was a valuation call. Citigroup maintained the stock with "Neutral" rating in Thursday, August 17 report.

08/04/2017 - Tesla Motors, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. Eric Branderiz, an officer at (TSLA), sold 99 shares at a price of 350.12 to bring his total ownership in the stock to 0 shares. Berenberg Bank raised shares of Tesla from a "hold" rating to a "buy" rating and boosted their price objective for the company from $193.00 to $464.00 in a research note on Tuesday, June 13th. It also upped Dst Sys Inc Del (NYSE:DST) stake by 11,264 shares and now owns 27,823 shares. Corporate insiders own 23.10% of the company's stock. The stock last traded at $354.18 which is a tad under the 50 day moving average which is $354.47 and slightly over the 200 day moving average of $333.05. Tesla Motors Inc has $500 highest and $140 lowest target. The high and low revenue estimates for the current quarter are $4.6 Billion and $2.96 Billion, respectively. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. During the same period in the previous year, the company posted ($1.06) EPS. The business's revenue for the quarter was up 119.6% compared to the same quarter a year ago.

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Many analysts are providing their Estimated Earnings analysis for Tesla Motors, Inc. and for the current quarter 18 analysts have projected that the stock could give an Average Earnings estimate of $-2.11/share. Carnegie Cap Asset Mngmt Llc stated it has 0.11% in Tesla Inc (NASDAQ:TSLA). "(TSLA) Receives "Underperform" Rating from Bank of America Corporation" was first published by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/04/tesla-inc-tsla-receives-equal-weight-rating-from-morgan-stanley.html. Another trade for 5,000 shares valued at $71,250 was bought by Pelton Janet S. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd. The disclosure for this sale can be found here.

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Several institutional investors and hedge funds have recently made changes to their positions in TSLA. The stock rose 0.64% or $2.2 reaching $343.3 per share. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer's stock worth $126,000 after purchasing an additional 28 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Tesla by 4.9% during the 2nd quarter. Pittenger & Anderson Inc. grew its position in shares of Tesla by 20.0% in the second quarter.

Versartis, Inc. (VSAR) pulled off a 1.92 percent gain and now trades for $2.65. North Star Investment Management Corp. raised its stake in Tesla by 2.8% during the 2nd quarter. Finally, Gemmer Asset Management LLC grew its stake in Tesla by 2.6% in the second quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer's stock worth $3,824,000 after buying an additional 4,504 shares during the period. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction that occurred on Tuesday, August 1st.

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Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, makes and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products.

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