Goldman Sachs Group reiterated their not rated rating on shares of Tesla (NASDAQ:TSLA) in a report published on Wednesday. Goldman Sachs Group currently has a $195.00 price objective on the electric vehicle producer’s stock.

A number of other brokerages also recently weighed in on TSLA. Barclays reiterated a sell rating and issued a $210.00 price target on shares of Tesla in a research report on Monday, July 9th. KeyCorp reiterated a hold rating on shares of Tesla in a research report on Thursday, August 2nd. Zacks Investment Research cut Tesla from a buy rating to a hold rating in a research note on Monday, June 4th. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the stock a neutral rating in a research note on Tuesday, July 3rd. Finally, Royal Bank of Canada reaffirmed a neutral rating and set a $315.00 price target on shares of Tesla in a research note on Wednesday, August 8th. Eleven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $316.31.

Shares of NASDAQ:TSLA opened at $305.50 on Wednesday. The company has a market capitalization of $60.64 billion, a P/E ratio of -26.61 and a beta of 0.65. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.37 and a current ratio of 0.73. Tesla has a fifty-two week low of $244.59 and a fifty-two week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 1st. The electric vehicle producer reported ($3.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.61) by $0.55. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.93 billion. Tesla had a negative net margin of 19.89% and a negative return on equity of 50.84%. Tesla’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same period last year, the company posted ($1.33) EPS. analysts forecast that Tesla will post -10.77 EPS for the current fiscal year.

In other Tesla news, Director Kimbal Musk sold 1,875 shares of Tesla stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $358.26, for a total value of $671,737.50. Following the transaction, the director now owns 150,208 shares in the company, valued at $53,813,518.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Elon Musk bought 55,000 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was acquired at an average price of $343.19 per share, for a total transaction of $18,875,450.00. The disclosure for this purchase can be found here. 22.80% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in TSLA. Northwest Wealth Management LLC bought a new stake in shares of Tesla during the second quarter worth about $103,000. Macroview Investment Management LLC bought a new stake in shares of Tesla during the first quarter worth about $106,000. Jacobi Capital Management LLC grew its holdings in shares of Tesla by 154.4% during the first quarter. Jacobi Capital Management LLC now owns 430 shares of the electric vehicle producer’s stock worth $109,000 after purchasing an additional 261 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Tesla during the first quarter worth about $114,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Tesla during the second quarter worth about $114,000. Institutional investors own 61.18% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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