Tesla (NASDAQ:TSLA) had its target price increased by Morgan Stanley from $740.00 to $1,050.00 in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The firm currently has an underweight rating on the electric vehicle producer’s stock.

TSLA has been the subject of a number of other research reports. BidaskClub raised Tesla from a buy rating to a strong-buy rating in a report on Thursday, July 2nd. Needham & Company LLC reaffirmed a sell rating on shares of Tesla in a report on Thursday, July 23rd. Deutsche Bank upped their price target on Tesla from $1,000.00 to $1,500.00 and gave the stock a hold rating in a report on Thursday, July 23rd. Nord/LB reissued a sell rating and set a $600.00 target price on shares of Tesla in a report on Thursday, July 23rd. Finally, Canaccord Genuity reissued a hold rating on shares of Tesla in a report on Thursday, July 23rd. Thirteen analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $846.94.

NASDAQ TSLA opened at $1,430.76 on Wednesday. The stock has a market capitalization of $265.22 billion, a price-to-earnings ratio of 745.19, a PEG ratio of 25.76 and a beta of 1.19. Tesla has a twelve month low of $211.00 and a twelve month high of $1,794.99. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average of $1,259.00 and a 200 day moving average of $833.62.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($2.35) by $4.53. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Tesla had a return on equity of 4.19% and a net margin of 1.43%. During the same quarter in the prior year, the firm posted ($1.12) EPS. Equities analysts predict that Tesla will post 1.65 EPS for the current fiscal year.

In other news, CAO Vaibhav Taneja sold 500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $815.00, for a total transaction of $407,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,456 shares in the company, valued at $2,001,640. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $827.00, for a total value of $124,050.00. Following the transaction, the chief financial officer now owns 11,132 shares of the company’s stock, valued at $9,206,164. The disclosure for this sale can be found here. Insiders sold 23,910 shares of company stock valued at $24,705,348 over the last quarter. 23.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its position in shares of Tesla by 5.8% during the second quarter. North Star Investment Management Corp. now owns 147 shares of the electric vehicle producer’s stock worth $159,000 after buying an additional 8 shares during the period. American Research & Management Co. boosted its position in shares of Tesla by 5.8% during the second quarter. American Research & Management Co. now owns 145 shares of the electric vehicle producer’s stock worth $157,000 after buying an additional 8 shares during the period. Main Street Research LLC boosted its position in shares of Tesla by 1.5% during the second quarter. Main Street Research LLC now owns 537 shares of the electric vehicle producer’s stock worth $580,000 after buying an additional 8 shares during the period. Acorn Financial Advisory Services Inc. ADV boosted its position in shares of Tesla by 2.2% during the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 412 shares of the electric vehicle producer’s stock worth $445,000 after buying an additional 9 shares during the period. Finally, PFG Advisors boosted its holdings in Tesla by 2.3% in the second quarter. PFG Advisors now owns 406 shares of the electric vehicle producer’s stock valued at $627,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, 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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