Tesla Motors Inc(NASDAQ:TSLA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $1.56B. Analysts estimated a revenue of $1.67B. Earnings per share were $-1.06. Analysts had estimated an EPS of $-0.51.
In a different note, On Jun 28, 2016, Argus Research said it Downgrades its rating on Tesla Motors Inc. The shares have been rated ‘Hold’ by the firm. On Jun 24, 2016, Standpoint Research said it Upgrades its rating on Tesla Motors Inc. The shares have been rated ‘Hold’ by the firm. On Jun 23, 2016, Morgan Stanley said it Downgrades its rating on Tesla Motors Inc. In the research note, the firm Lowers the price-target to $333.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 22, 2016, Oppenheimer said it Downgrades its rating on Tesla Motors Inc. The shares have been rated ‘Perform’ by the firm. On Jun 22, 2016, Barclays said it Maintains its rating on Tesla Motors Inc. The shares have been rated ‘Underweight’ by the firm. On Jun 22, 2016, Standpoint Research said it Maintains its rating on Tesla Motors Inc. The shares have been rated ‘Sell’ by the firm.
Tesla Motors Inc (TSLA) made into the market gainers list on Fridays trading session with the shares advancing 0.31% or 0.7 points. Due to strong positive momentum, the stock ended at $225.61, which is also near the day’s high of $226.65. The stock began the session at $225.41 and the volume stood at 18,13,540 shares. The 52-week high of the shares is $271.57 and the 52 week low is $141.05. The company has a current market capitalization of $33,547 M and it has 14,86,92,610 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Kimbal Musk (director) sold 460 shares at $224.37 per share price.Also, On Jun 9, 2016, John Douglas Field (VP, Engineering) sold 1,000 shares at $230.75 per share price.On May 26, 2016, Elon Musk (CEO) sold 2,782,670 shares at $213.22 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.