Ipg Investment Advisors buys $3,064,686 stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Ipg Investment Advisors scooped up 2,874 additional shares in Tesla Motors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 13,584 shares of Tesla Motors Inc which is valued at $3,064,686.Tesla Motors Inc makes up approximately 1.22% of Ipg Investment Advisors’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in TSLA by selling 360 shares or 9.47% in the most recent quarter. The Hedge Fund company now holds 3,442 shares of TSLA which is valued at $774,140. Rpg Investment Advisory added TSLA to its portfolio by purchasing 17,526 company shares during the most recent quarter which is valued at $3,941,773. Tesla Motors Inc makes up approx 1.00% of Rpg Investment Advisory’s portfolio.First Trust Advisors Lp boosted its stake in TSLA in the latest quarter, The investment management firm added 5,332 additional shares and now holds a total of 83,557 shares of Tesla Motors Inc which is valued at $19,220,617. Tesla Motors Inc makes up approx 0.06% of First Trust Advisors Lp’s portfolio.Swiss National Bank boosted its stake in TSLA in the latest quarter, The investment management firm added 22,500 additional shares and now holds a total of 277,700 shares of Tesla Motors Inc which is valued at $62,701,883. Tesla Motors Inc makes up approx 0.10% of Swiss National Bank’s portfolio.

Tesla Motors Inc opened for trading at $223.54 and hit $225.169 on the upside on Friday, eventually ending the session at $225, with a gain of 0.67% or 1.49 points. The heightened volatility saw the trading volume jump to 16,59,530 shares. Company has a market cap of $33,456 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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