Threshold Group adds Tesla Motors Inc (TSLA) to its portfolio

Tesla Motors Inc (TSLA) : Threshold Group added new position in Tesla Motors Inc during the most recent quarter end. The investment management firm now holds 10,161 shares of Tesla Motors Inc which is valued at $2,321,687 , the company said in a statement filed on Jul 26, 2016 with the SEC.Tesla Motors Inc makes up approximately 2.23% of Threshold Group’s portfolio.

Other Hedge Funds, Including , Calamos Wealth Management reduced its stake in TSLA by selling 687 shares or 16.61% in the most recent quarter. The Hedge Fund company now holds 3,450 shares of TSLA which is valued at $788,291. Tesla Motors Inc makes up approx 0.15% of Calamos Wealth Management’s portfolio.Marcus Capital reduced its stake in TSLA by selling 75 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 22,100 shares of TSLA which is valued at $5,046,756. Tesla Motors Inc makes up approx 5.06% of Marcus Capital’s portfolio.Benjamin F. Edwards Company boosted its stake in TSLA in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 5,029 shares of Tesla Motors Inc which is valued at $1,119,103. Tesla Motors Inc makes up approx 0.21% of Benjamin F. Edwards Company’s portfolio.Andor Capital Management L.l.c. reduced its stake in TSLA by selling 500,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 500,000 shares of TSLA which is valued at $106,990,000. Tesla Motors Inc makes up approx 48.37% of Andor Capital Management L.l.c.’s portfolio.

Tesla Motors Inc opened for trading at $230.7 and hit $235.28 on the upside on Friday, eventually ending the session at $234.79, with a gain of 1.81% or 4.18 points. The heightened volatility saw the trading volume jump to 30,70,813 shares. Company has a market cap of $31,449 M.

On the company’s financial health, Tesla Motors Inc reported $-0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.67. The company had revenue of $1601.70 million for the quarter, compared to analysts expectations of $1598.62 million. The company’s revenue was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.36 EPS.

Many Wall Street Analysts have commented on Tesla Motors Inc. Shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 210 from a previous price target of $220 .Shares were Reiterated by Pacific Crest on Jul 6, 2016 to “Sector Weight” and Lowered the Price Target to $ 190 from a previous price target of $212 .Tesla Motors Inc was Downgraded by Argus to ” Hold” on Jun 28, 2016.

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. The Company sells and produces a vehicle under the name Model S which is a fully electric four-door five-adult passenger sedan. In addition to developing its own vehicles it develops sells and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes commercial sites and utilities. The applications for these battery systems include backup power peak demand reduction demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car Supercharger charging stations and Powerwall a home battery.

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