Shares of Tesla Motors (TSLA) Sees Large Outflow of Money

Tesla Motors (TSLA) : The total money flow in Tesla Motors (TSLA) was negative ($9.52 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $99.34 million. In comparison, the inflow of money into the stock on upticks was $89.82 million. The uptick to downtick ratio was 0.9. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $14.4 million. The negative money flow of ($14.4 million) confirms the selling in Tesla Motors (TSLA) on strength. Tesla Motors (TSLA) gained $0.41 at $222.94, a gain of 0.18% over the previous days close. However, the stock registered 2.84% in the week.


The stock has recorded a 20-day Moving Average of 4.27% and the 50-Day Moving Average is 2.72%. Shares have dropped -15.38% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $216.29 and the 200 Day Moving Average price is recorded at $213.54.

Tesla Motors (NASDAQ:TSLA): The stock opened at $223.12 on Thursday but the bulls could not build on the opening and the stock topped out at $224.94 for the day. The stock traded down to $221.05 during the day, due to lack of any buying support eventually closed down at $221.53 with a loss of -0.45% for the day. The stock had closed at $222.53 on the previous day. The total traded volume was 2,675,834 shares.

In an insider trading activity, Musk Kimbal, director of Tesla Motors Inc, unloaded 460 shares at an average price of $224.37 on June 13, 2016. The total amount of the transaction was worth $103,210, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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