Tesla Motors, Inc. (NASDAQ:TSLA): The mean short term price target for Tesla Motors, Inc.
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Shares of Tesla Motors, Inc. opened the most recent trading session at 202.79 and closed at 218.87.
Tesla Motors, Inc. (NASDAQ:TSLA) witnessed a decline in the market cap on Monday as its shares dropped 5.16% or 11.9 points. Tesla has also joined forces with hotels, restaurants, and stores for its destination charging program, which installs wall connectors in those locations so that auto owners can charge their vehicle while stopping for a meal or overnight stay.
At the Santa Row shopping center in San Jose, California, Tesla showed new interactive displays with four themes: safety, autopilot features, the electric carmaker’s charging networks and the dual motors powering each axle. The effort is trained largely towards telling the story of Tesla which is crucial for a young company that seeks to sell a mysterious product that has also remained intimidating to most drivers. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. They noted that the move was a valuation call. Finally, Goldman Sachs reissued a “hold” rating and set a $234.00 price objective (down previously from $236.00) on shares of Tesla Motors in a research report on Thursday, August 6th. Following the sale, the director now directly owns 15,272 shares in the company, valued at approximately $3,900,316.08. (NASDAQ:TSLA) has a Buy-Sell rating of 2.73. The disclosure for this purchase can be found here.
In other news, CFO Deepak Ahuja sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The company is headquartered in Palo Alto, CA, and recently raised over $730 million in a secondary stock offering earlier this month.
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Tesla Motors, Inc. designs, develops, produces and sells electric vehicles, electric vehicle powertrain components and fixed energy storage systems. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers. “Go far.” According to Tesla, the company’s Model S vehicles can travel a distance of 208 to 270 miles without stopping to recharge. The technology of the Company’s includes customized motor design, security systems, charge balancing systems, battery engineering for vibration and environmental durability, robotic manufacturing processes, cooling systems and electronic equipment management systems and the software necessary to deal with battery and vehicle performance.
