A number of research analysts have issued reports on the company.
Several other analysts also recently commented on TSLA. (The) restated a sell rating on shares of Tesla in a research report on Thursday, April 6th. (The) set a $190.00 price target on shares of Tesla and gave the stock a "sell" rating in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (NASDAQ:TSLA) from a hold rating to a buy rating in a research report report published on Tuesday morning, Marketbeat.com reports. Tesla has a consensus rating of "Hold" and a consensus price target of $309.70. (NASDAQ:TSLA) opened at 357.87 on Friday. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer's stock worth $126,000 after buying an additional 28 shares in the last quarter. Tesla has a one year low of $178.19 and a one year high of $386.99.
Tesla said last week that it had 455,000 net pre-orders for the Model 3, which has a $US35,000 base price, and that the sedan was averaging 1800 reservations per day since it launched late last month. The company spent $1.2 billion in the second quarter preparing for the Model 3's arrival.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 2nd. Those concerns have been heightened by fears that there potentially isn't enough demand for electric vehicles in the U.S.to meet Tesla's aggressive production commitments. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted ($1.06) earnings per share. The firm's revenue was up 119.6% compared to the same quarter past year. Analysts expect that Tesla will post ($6.29) earnings per share for the current year.
In related news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $367.68, for a total value of $1,724,419.20. Following the transaction, the director now directly owns 166,164 shares in the company, valued at approximately $61,095,179.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.10% of the company's stock.
Tesla said it would raise about $US1.5 billion ($1.9 billion) through its first-ever high-yield junk bond offering, as the United States luxury electric vehicle maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan.
Sumitomo Life Insurance Co. increased its position in Tesla Inc. Accern also assigned news headlines about the electric vehicle producer an impact score of 45.0741436449583 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Gulf International Bank UK Ltd increased its stake in shares of Tesla by 1.4% in the first quarter.