Piper Jaffray Initiates Coverage on Tesla Motors Inc to Neutral

Piper Jaffray Initiates Coverage on Tesla Motors Inc(NASDAQ:TSLA). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jun 9, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Tesla Motors Inc, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Buy’ by the firm. On May 18, 2016, Goldman Sachs said it Upgrades its rating on Tesla Motors Inc. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Dougherty & Company said it Assumes its rating on Tesla Motors Inc. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Baird said it Maintains its rating on Tesla Motors Inc. In the research note, the firm Raises the price-target to $300.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 5, 2016, Deutsche Bank said it Maintains its rating on Tesla Motors Inc. In the research note, the firm Raises the price-target to $280.00 per share. The shares have been rated ‘Hold’ by the firm. On May 5, 2016, Goldman Sachs said it Maintains its rating on Tesla Motors Inc. In the research note, the firm Raises the price-target to $245.00 per share. The shares have been rated ‘Neutral’ by the firm.

Tesla Motors Inc (TSLA) made into the market gainers list on Wednesdays trading session with the shares advancing 1.27% or 2.74 points. Due to strong positive momentum, the stock ended at $217.7, which is also near the day’s high of $221.9. The stock began the session at $216.95 and the volume stood at 29,08,522 shares. The 52-week high of the shares is $286.65 and the 52 week low is $141.05. The company has a current market capitalization of $29,160 M and it has 13,39,44,622 shares in outstanding.

Tesla Motors Inc(TSLA) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.60B. Analysts had an estimated revenue of $1.60B. Earnings per share were $-0.57. Analysts had estimated an EPS of $-0.57.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Elon Musk (CEO) sold 2,782,670 shares at $213.22 per share price.Also, On May 16, 2016, Brad W Buss (director) sold 15,333 shares at $207.84 per share price.On May 4, 2016, Kimbal Musk (director) sold 5,555 shares at $239.29 per share price, according to the Form-4 filing with the securities and exchange commission.

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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