Analysts at Zacks have given a short term rating of buy on Tesla Motors, Inc. (NASDAQ:TSLA) with a rank of 2. The company has received an average rating of 2.67 from 15 brokerage firms. 5 analysts have rated the company as a strong buy. The company has been rated as hold from 5 Wall Street Analysts. 1 analysts have suggested buy for the shares. 2 analyst has also rated it as a strong sell. A sell call was given by 2 analyst.
Tesla Motors, Inc. (NASDAQ:TSLA): The mean estimate for the short term price target for Tesla Motors, Inc. (NASDAQ:TSLA) stands at $275.5 according to 12 Analysts. The higher price target estimate for the stock has been calculated at $400 while the lower price target estimate is at $178.
Many analysts have commented on the company rating. UBS downgrades their rating on the shares of Tesla Motors, Inc. (NASDAQ:TSLA). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm lowers the price target to $210 per share from $220 per share. The rating by the firm was issued on July 21, 2015.
Tesla Motors, Inc. (NASDAQ:TSLA) witnessed a decline in the market cap on Monday as its shares dropped 0.56% or 1.37 points. After the session commenced at $238.15, the stock reached the higher end at $242.97 while it hit a low of $236.05. With the volume soaring to 4,185,717 shares, the last trade was called at $241.14. The company has a 52-week high of $291.42. The company has a market cap of $30,481 million and there are 126,404,000 shares in outstanding. The 52-week low of the share price is $181.4.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Musk Kimbal, director of Tesla Motors Inc, had unloaded 6,800 shares at an average price of $264.82 in a transaction dated on August 3, 2015. The total value of the transaction was worth $1,800,776. Currently the company Insiders own 0.2% of Tesla Motors, Inc. Company shares. In the past six months, there is a change of -25.81% in the total insider ownership. Institutional Investors own 64.2% of Company shares. During last 3 month period, 1.55% of total institutional ownership has changed in the company shares.
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service network. The Company is engaged in commercially producing a federally-compliant electric vehicle, the Tesla Roadster. addition to developing its Model S and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers.