Robert W. Baird reaffirmed their outperform rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research note published on Wednesday. Robert W. Baird currently has a $368.00 price target on the electric vehicle producer’s stock.

A number of other equities research analysts have also recently commented on TSLA. J P Morgan Chase & Co increased their price target on Tesla from $185.00 to $190.00 and gave the company an underweight rating in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) set a $190.00 price target on Tesla and gave the company a sell rating in a research note on Monday, May 15th. Guggenheim increased their price target on Tesla from $320.00 to $380.00 and gave the company a buy rating in a research note on Monday, May 15th. Morgan Stanley cut Tesla from an overweight rating to an equal weight rating and set a $305.00 price target for the company. in a research note on Monday, May 15th. Finally, Cowen and Company reiterated an underperform rating and issued a $155.00 price target on shares of Tesla in a research note on Monday, May 1st. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $301.70.

Tesla (NASDAQ TSLA) traded up 0.18% during midday trading on Wednesday, reaching $335.07. The company had a trading volume of 4,880,414 shares. The firm has a 50-day moving average of $348.29 and a 200 day moving average of $299.70. Tesla has a 1-year low of $178.19 and a 1-year high of $386.99. The company’s market capitalization is $55.04 billion.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by $1.30. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%. On average, equities research analysts forecast that Tesla will post ($5.99) EPS for the current year.

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In other news, Director Kimbal Musk sold 4,690 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total value of $1,724,419.20. Following the transaction, the director now owns 166,164 shares in the company, valued at $61,095,179.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $311.76, for a total value of $6,235,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $6,235,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,290 shares of company stock worth $74,919,505. Company insiders own 23.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock worth $6,804,556,000 after buying an additional 2,400,034 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of 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 last quarter. Baillie Gifford & Co. increased its position in shares of Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock worth $3,792,025,000 after buying an additional 336,130 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 last quarter. Finally, Jennison Associates LLC increased its position in shares of Tesla by 7.6% in the first quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer’s stock worth $798,576,000 after buying an additional 203,034 shares during the last quarter. Hedge funds and other institutional investors own 63.78% 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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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