Tesla (NASDAQ:TSLA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

TSLA has been the subject of several other research reports. Jefferies Group downgraded shares of Tesla from an “in-line” rating to an “underperform” rating and reduced their price target for the company from $312.00 to $240.00 in a research report on Friday, October 27th. Nomura reissued a “buy” rating and set a $500.00 price target on shares of Tesla in a research report on Tuesday, October 31st. Vetr downgraded shares of Tesla from a “sell” rating to a “strong sell” rating and set a $292.39 price target for the company. in a research report on Monday, October 23rd. KeyCorp reissued a “hold” rating on shares of Tesla in a research report on Friday, November 10th. Finally, Cann downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $331.56.

Tesla (TSLA) traded up $9.56 during mid-day trading on Wednesday, hitting $313.26. 7,186,451 shares of the stock traded hands, compared to its average volume of 6,392,021. Tesla has a 1 year low of $185.00 and a 1 year high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. sell-side analysts predict that Tesla will post -11.38 EPS for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total transaction of $748,301.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $313.25, for a total transaction of $543,802.00. Following the sale, the vice president now directly owns 1,225 shares of the company’s stock, valued at approximately $383,731.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,188 shares of company stock valued at $3,310,563. 23.10% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its position in shares of Tesla by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $309,000 after acquiring an additional 4 shares during the period. Sterling Investment Advisors Ltd. grew its position in shares of Tesla by 2.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after acquiring an additional 18 shares during the period. Hanson McClain Inc. grew its position in shares of Tesla by 2.1% during the 2nd quarter. Hanson McClain Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $353,000 after acquiring an additional 20 shares during the period. WASHINGTON TRUST Co grew its position in shares of Tesla by 1.7% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,178 shares of the electric vehicle producer’s stock valued at $426,000 after acquiring an additional 20 shares during the period. Finally, Essex Financial Services Inc. grew its position in shares of Tesla by 2.4% during the 2nd quarter. Essex Financial Services Inc. now owns 1,159 shares of the electric vehicle producer’s stock valued at $419,000 after acquiring an additional 27 shares during the period. 57.20% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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