Vetr upgraded shares of Tesla Motors Inc. (NASDAQ:TSLA) from a buy rating to a strong-buy rating in a research note published on Wednesday morning. The firm currently has $220.16 price objective on the electric vehicle producer’s stock.

Several other equities research analysts have also recently issued reports on TSLA. Goldman Sachs Group Inc. upgraded shares of Tesla Motors from a neutral rating to a buy rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 18th. They noted that the move was a valuation call. Standpoint Research reiterated a sell rating and set a $180.00 price objective on shares of Tesla Motors in a research report on Thursday, May 19th. Robert W. Baird restated an outperform rating and issued a $338.00 price target on shares of Tesla Motors in a research report on Thursday, May 19th. S&P Equity Research restated a sell rating on shares of Tesla Motors in a research report on Friday, May 20th. Finally, Bank of America Corp. restated an underperform rating and issued a $155.00 price target on shares of Tesla Motors in a research report on Monday, May 23rd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Tesla Motors has a consensus rating of Hold and a consensus target price of $248.75.

Tesla Motors (NASDAQ:TSLA) opened at 205.40 on Wednesday. Tesla Motors has a one year low of $141.05 and a one year high of $271.57. The firm has a 50-day moving average of $218.82 and a 200 day moving average of $222.43. The company’s market capitalization is $30.54 billion.

Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by $0.55. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.48) EPS. Equities research analysts predict that Tesla Motors will post ($0.95) earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in shares of Tesla Motors by 0.6% in the second quarter. Synovus Financial Corp now owns 1,390 shares of the electric vehicle producer’s stock worth $293,000 after buying an additional 8 shares during the period. Bingham Osborn & Scarborough LLC raised its position in shares of Tesla Motors by 0.5% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,485 shares of the electric vehicle producer’s stock worth $528,000 after buying an additional 12 shares during the period. Hartford Investment Management Co. raised its position in shares of Tesla Motors by 0.9% in the second quarter. Hartford Investment Management Co. now owns 2,017 shares of the electric vehicle producer’s stock worth $428,000 after buying an additional 18 shares during the period. D Orazio & Associates Inc. raised its position in shares of Tesla Motors by 3.1% in the second quarter. D Orazio & Associates Inc. now owns 598 shares of the electric vehicle producer’s stock worth $127,000 after buying an additional 18 shares during the period. Finally, WMS Partners LLC raised its position in shares of Tesla Motors by 1.9% in the second quarter. WMS Partners LLC now owns 1,310 shares of the electric vehicle producer’s stock worth $278,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 66.62% of the company’s stock.

Tesla Motors Company Profile

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.

5 Day Chart for NASDAQ:TSLA

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.