Tesla Motors, Inc. shares are now 53.80% away from the 52 week low.
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Tesla Motors Inc closed down -2.52 points or -1.16% at $213.98 with 51,75,345 shares getting traded on Tuesday.
Tesla Motors sales continue to be a critical factor for the company.
Tesla Motors Inc. has had rough weeks and it is bound to get even rougher. Finally, EP Wealth Advisors Inc. purchased a new position in Tesla Motors during the first quarter valued at approximately $793,000.
A number of other research firms have also recently weighed in on TSLA.
RBC Capital Markets’ Joseph Spak and his team updated their earnings estimates for Tesla Motors (TSLA) Friday, to take a more “prudent approach” toward deliveries. Tesla Motors’ stocks resulted in a downward slope when the reports came out, Wall Street reported.
Pacific Crest noted a target price of 190 on Tesla Motors Inc’s shares. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tesla Motors has a consensus rating of “Hold” and an average target price of $258.33. The stock was sold at an average price of $230.92, for a total transaction of $230,920.00. The stock was sold at an average price of $224.37, for a total value of $103,210.20. The disclosure for this sale can be found here. The 52 week high for the share price is 286.65 while the 52 week low for the stock is 141.05. The stock’s market cap is $28.92 billion. During the same quarter in the previous year, the company posted $-0.36 EPS. The company had revenue of $1601.70 million for the quarter, compared to analysts expectations of $1598.62 million. Over the a year ago, share performance is -19.95%.
Tesla Motors Inc.is a United States-based company which designs develops manufactures and sells electric vehicles electric vehicle powertrain components and stationary energy storage systems.
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Introducing the company’s second mass-produced model to the market (Model X) and ramping-up production on a refreshed product (Model S) with new trim levels (60 kWh/75 kWh) certainly wasn’t easy on Tesla in Q2, but Tesla managed to still achieve growth of overall sales versus Q2 of 2015.
