An issue of Tesla Inc. (NASDAQ:TSLA) debt rose 1.1% against its face value during trading on Wednesday. The debt issue has a 5.3% coupon and is set to mature on August 15, 2025. The bonds in the issue are now trading at $99.50 and were trading at $99.50 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several analysts recently commented on TSLA shares. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price objective on the stock in a research report on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and set a $368.00 target price on shares of Tesla in a research note on Tuesday, June 20th. BidaskClub cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $200.00 price objective (up previously from $180.00) on shares of Tesla in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $345.00 price objective (up previously from $314.00) on shares of Tesla in a research note on Wednesday, August 9th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $310.84.

Shares of Tesla Inc. (NASDAQ:TSLA) opened at 355.90 on Friday. The company has a 50-day moving average price of $343.66 and a 200-day moving average price of $316.63. The company’s market capitalization is $59.40 billion. Tesla Inc. has a 12 month low of $178.19 and a 12 month high of $386.99.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm’s quarterly revenue was up 119.6% on a year-over-year basis. During the same period in the prior year, the business earned ($1.06) EPS. On average, analysts forecast that Tesla Inc. will post ($6.18) EPS for the current fiscal year.

In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the sale, the director now directly owns 36,111 shares in the company, valued at approximately $12,290,739.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 4,690 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $367.68, for a total value of $1,724,419.20. Following the completion of the sale, the director now owns 166,164 shares of the company’s stock, valued at $61,095,179.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,657 shares of company stock valued at $17,668,497. 23.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Pittenger & Anderson Inc. boosted its stake in shares of Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares during the last quarter. Acropolis Investment Management LLC bought a new stake in shares of Tesla during the second quarter valued at about $122,000. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Tesla by 8.7% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after buying an additional 28 shares during the last quarter. Institutional investors own 56.67% of the company’s stock.

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Tesla Company Profile

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.

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