Tesla Motors Inc (TSLA) : D. Scott Neal scooped up 100 additional shares in Tesla Motors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 570 shares of Tesla Motors Inc which is valued at $130,165.Tesla Motors Inc makes up approximately 0.11% of D. Scott Neal’s portfolio.
Other Hedge Funds, Including , Catawba Capital Management Va boosted its stake in TSLA in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 2,660 shares of Tesla Motors Inc which is valued at $607,438. Tesla Motors Inc makes up approx 0.14% of Catawba Capital Management Va’s portfolio.Trust Co Of Vermont boosted its stake in TSLA in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 535 shares of Tesla Motors Inc which is valued at $122,173. Tesla Motors Inc makes up approx 0.02% of Trust Co Of Vermont’s portfolio.Beech Hill Advisors reduced its stake in TSLA by selling 1,070 shares or 24.31% in the most recent quarter. The Hedge Fund company now holds 3,331 shares of TSLA which is valued at $760,667. Tesla Motors Inc makes up approx 0.50% of Beech Hill Advisors’s portfolio.Cutler Group Lp reduced its stake in TSLA by selling 15,582 shares or 36.84% in the most recent quarter. The Hedge Fund company now holds 26,718 shares of TSLA which is valued at $5,945,557. Tesla Motors Inc makes up approx 0.40% of Cutler Group Lp’s portfolio.
Tesla Motors Inc opened for trading at $226.47 and hit $229.8 on the upside on Wednesday, eventually ending the session at $228.36, with a gain of 1.38% or 3.1 points. The heightened volatility saw the trading volume jump to 25,68,498 shares. Company has a market cap of $30,588 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.