Artal Group S.a. adds Tesla Motors Inc (TSLA) to its portfolio

Tesla Motors Inc (TSLA) : Artal Group S.a. added new position in Tesla Motors Inc during the most recent quarter end. The investment management firm now holds 75,000 shares of Tesla Motors Inc which is valued at $16,920,750 , the company said in a statement filed on Aug 11, 2016 with the SEC.Tesla Motors Inc makes up approximately 0.35% of Artal Group S.a.’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board boosted its stake in TSLA in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 73,414 shares of Tesla Motors Inc which is valued at $16,562,933. Tesla Motors Inc makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in TSLA by selling 411 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 6,329 shares of TSLA which is valued at $1,423,455. Tesla Motors Inc makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.State Treasurer State Of Michigan boosted its stake in TSLA in the latest quarter, The investment management firm added 234,802 additional shares and now holds a total of 339,623 shares of Tesla Motors Inc which is valued at $76,683,477. Tesla Motors Inc makes up approx 0.58% of State Treasurer State Of Michigan’s portfolio.Cypress Capital Management (wy) reduced its stake in TSLA by selling 165 shares or 62.26% in the most recent quarter. The Hedge Fund company now holds 100 shares of TSLA which is valued at $23,479. Tesla Motors Inc makes up approx 0.03% of Cypress Capital Management (wy)’s portfolio.

Tesla Motors Inc opened for trading at $224.32 and hit $228.49 on the upside on Tuesday, eventually ending the session at $224.84, with a gain of 0.86% or 1.91 points. The heightened volatility saw the trading volume jump to 47,79,472 shares. Company has a market cap of $33,432 M.

On the company’s financial health, Tesla Motors Inc reported $-1.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.65. The company had revenue of $1562.70 million for the quarter, compared to analysts expectations of $1649.08 million. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.

Many Wall Street Analysts have commented on Tesla Motors Inc. Company shares were Reiterated by FBN Securities on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 275 from a previous price target of $260 .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. 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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