Mission Wealth Management buys $961,640 stake in Tesla Motors Inc (TSLA)

Tesla Motors Inc (TSLA) : Mission Wealth Management scooped up 30 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 3, 2016. The investment management firm now holds a total of 4,259 shares of Tesla Motors Inc which is valued at $961,640.Tesla Motors Inc makes up approximately 0.24% of Mission Wealth Management’s portfolio.

Other Hedge Funds, Including , Proficio Capital Partners boosted its stake in TSLA in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 501 shares of Tesla Motors Inc which is valued at $117,630. Tesla Motors Inc makes up approx 0.07% of Proficio Capital Partners’s portfolio. Threshold Group added TSLA to its portfolio by purchasing 10,161 company shares during the most recent quarter which is valued at $2,321,687. Tesla Motors Inc makes up approx 2.23% of Threshold Group’s portfolio.Evanson Asset Management reduced its stake in TSLA by selling 148 shares or 10.46% in the most recent quarter. The Hedge Fund company now holds 1,267 shares of TSLA which is valued at $289,332. Tesla Motors Inc makes up approx 0.08% of Evanson Asset Management’s portfolio.

Tesla Motors Inc closed down -3.87 points or -1.68% at $226.16 with 22,63,584 shares getting traded on Monday. Post opening the session at $228, the shares hit an intraday low of $226.09 and an intraday high of $229.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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