Tesla (NASDAQ:TSLA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other research analysts have also recently issued research reports about the stock. Instinet initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price target for the company. Nomura initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price target for the company. Guggenheim reiterated a “buy” rating and issued a $430.00 price target on shares of Tesla in a report on Friday, October 6th. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $411.00 price target on shares of Tesla in a report on Wednesday, October 25th. Eleven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $329.63.

Tesla (NASDAQ:TSLA) traded up $8.49 during trading on Wednesday, hitting $354.31. 6,189,003 shares of the stock traded hands, compared to its average volume of 5,630,000. The firm has a market capitalization of $59,570.00, a PE ratio of -41.39 and a beta of 0.94. Tesla has a 12 month low of $242.01 and a 12 month high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last released 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 analysts’ expectations of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. equities research analysts forecast that Tesla will post -11.38 EPS for the current fiscal year.

In other Tesla news, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Douglas Field sold 600 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold 12,567 shares of company stock worth $3,998,202 over the last ninety days. Insiders own 23.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Malaga Cove Capital LLC raised its position in Tesla by 112.0% during the fourth quarter. Malaga Cove Capital LLC now owns 1,993 shares of the electric vehicle producer’s stock worth $621,000 after acquiring an additional 1,053 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tesla by 3.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,975 shares of the electric vehicle producer’s stock worth $9,643,000 after acquiring an additional 1,150 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Tesla by 9.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,101 shares of the electric vehicle producer’s stock worth $1,588,000 after acquiring an additional 460 shares in the last quarter. IFC Holdings Incorporated FL raised its position in Tesla by 17.7% during the fourth quarter. IFC Holdings Incorporated FL now owns 1,375 shares of the electric vehicle producer’s stock worth $427,000 after acquiring an additional 207 shares in the last quarter. Finally, Lee Financial Group Hawaii Inc. bought a new stake in Tesla during the fourth quarter worth $3,003,000. 57.19% of the stock is currently owned by hedge funds and other institutional investors.

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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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