Tesla Loses Big Money in 2017: $1.96B

Tesla CEO Elon Musk

Give up on Tesla's dream ahead of earnings, strategist warns

The stock was sold at an average price of $312.08, for a total value of $1,268,605.20.

Delays in production largely attributed to battery issues meant just 1,550 Model 3 cars were delivered in the fourth quarter. Insiders sold a total of 10,231 shares of company stock valued at $3,292,431 in the last quarter. About 77,453 shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 9, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Koshinski Asset Management Inc decreased its stake in Tesla Inc (TSLA) by 44.14% based on its latest 2017Q3 regulatory filing with the SEC. Following the transaction, the vice president now owns 21,528 shares in the company, valued at $7,333,943.76. Revenues doing well for Tesla Revenues for the company rose $2.7 billion for the final quarter of 2017, up from $1.99 billion in the fourth quarter of the previous year. Tesla has a 12-month low of $242.01 and a 12-month high of $389.61. About 12.93M shares traded or 115.85% up from the average.

Marcus Capital LLC cut its holdings in Tesla Inc (NASDAQ:TSLA) by 56.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). It has outperformed by 27.73% the S&P500. Lenox Wealth invested in 100 shares. Advisory Svcs Ntwk Ltd Com, a Georgia-based fund reported 991 shares. 1,736 are held by Covington Mngmt. Tarbox Family Office invested in 0% or 9 shares. PETZ's SI was 2,400 shares in February as released by FINRA. Twelve research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Therefore 67% are positive. Analysts polled by FactSet had expected the company to report an adjusted loss of $3.11 a share on sales of $3.297 billion. On Wednesday, the stock rose $11.03, or 3.3 percent, to $345. Not only would it account for happier customers, but also mean more money in the bank for the company itself. Zacks Investment Research lowered shares of Tesla from a hold rating to a sell rating in a research note on Saturday, January 20th.

UBS reaffirmed its sell rating for Tesla shares and its $195 price target. Piper Jaffray has "Buy" rating and $386.0 target. The company was maintained on Monday, August 14 by Robert W. Baird. Guggenheim maintained the stock with "Buy" rating in Friday, November 10 report. (NASDAQ:TSLA) on Wednesday, October 4 to "Sell" rating. Branderiz Eric sold $284,019 worth of stock or 801 shares.

In related news, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction dated Wednesday, December 13th. On Tuesday, August 22 Jurvetson Stephen T sold $15.24 million worth of Tesla, Inc.

Shares of Tesla (TSLA) opened at $310.42 on Thursday.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.03, from 1.27 in 2017Q2. It improved, as 93 investors sold TSLA shares while 134 reduced holdings. Johnson Invest Counsel Inc reported 5,792 shares stake. Ameriprise Fin owns 24,340 shares or 0% of their U.S. portfolio. Alps invested in 0% or 917 shares. Zwj Invest Counsel has 0.02% invested in Tesla, Inc.

A number of analysts have already raised concerns that Tesla will not hit its production and deliveries targets. (NASDAQ:TSLA). 492 are owned by Reilly Advsr Limited Liability Co. Ls Advsrs Limited Liability Co invested 0.01% in Tesla, Inc. (NASDAQ:TSLA) for 833,704 shares. Its down 42.86% from 4,200 shares previously. Prudential Inc accumulated 0% or 7,951 shares. Td Cap Management Limited Com owns 100 shares or 0.01% of their U.S. portfolio. Panagora Asset Mgmt Incorporated reported 0% in Tesla, Inc. Tesla Inc now has $52.42 billion valuation.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th.

Wall Street expects Tesla to lose $3.15 (U.S.) per share for the fourth quarter.

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