How Analysts Feel About Tesla, Inc. (NASDAQ:TSLA)?

October 13, 2018 - By Nellie Frank

Tesla, Inc. (NASDAQ:TSLA) LogoInvestors sentiment decreased to 0.85 in 2018 Q2. Its down 0.07, from 0.92 in 2018Q1. It turned negative, as 109 investors sold Tesla, Inc. shares while 180 reduced holdings. 100 funds opened positions while 146 raised stakes. 94.54 million shares or 6.02% less from 100.60 million shares in 2018Q1 were reported.
641 are owned by Smithfield Trust. Cls Ltd reported 0% in Tesla, Inc. (NASDAQ:TSLA). Harbourvest Partners Llc has invested 1.38% in Tesla, Inc. (NASDAQ:TSLA). Wms Prtn Limited Liability Corp reported 0.05% stake. The New Hampshire-based Ledyard National Bank has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Mogy Joel R Inv Counsel invested in 585 shares or 0.03% of the stock. Wealthtrust Fairport Llc has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Moreover, Stephens Mgmt Gp Limited Co has 0.04% invested in Tesla, Inc. (NASDAQ:TSLA) for 5,758 shares. Primecap Mgmt Ca reported 1.10 million shares or 0.28% of all its holdings. Amf Pensionsforsakring Ab holds 20,439 shares or 0.07% of its portfolio. Fort Washington Inv Oh has invested 0.02% in Tesla, Inc. (NASDAQ:TSLA). Parametric Port Assocs Limited Liability Company holds 140,247 shares. Sta Wealth Lc, a Texas-based fund reported 1,210 shares. J Goldman & Co Limited Partnership holds 0.34% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 19,265 shares. State Street Corp invested in 2.44 million shares or 0.07% of the stock.

Since May 7, 2018, it had 2 buys, and 2 sales for $33.02 million activity. Musk Kimbal also sold $671,736 worth of Tesla, Inc. (NASDAQ:TSLA) shares. 3,000 Tesla, Inc. (NASDAQ:TSLA) shares with value of $1.08M were sold by FIELD JOHN DOUGLAS.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 20 analysts covering Tesla Motors (NASDAQ:TSLA), 7 have Buy rating, 6 Sell and 7 Hold. Therefore 35% are positive. Tesla Motors had 40 analyst reports since April 16, 2018 according to SRatingsIntel. JP Morgan maintained Tesla, Inc. (NASDAQ:TSLA) rating on Monday, August 20. JP Morgan has “Underweight” rating and $195 target. UBS maintained the shares of TSLA in report on Thursday, May 3 with “Sell” rating. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Sell” rating by Vertical Group on Thursday, June 14. UBS maintained the stock with “Sell” rating in Thursday, May 31 report. On Thursday, May 3 the stock rating was maintained by Bank of America with “Sell”. The company was maintained on Wednesday, May 2 by Robert W. Baird. Vertical Group maintained Tesla, Inc. (NASDAQ:TSLA) rating on Monday, June 18. Vertical Group has “Sell” rating and $9900 target. The rating was maintained by Telsey Advisory on Monday, May 21 with “Buy”. As per Wednesday, June 13, the company rating was maintained by Robert W. Baird. The firm has “Sell” rating given on Thursday, April 19 by UBS. Below is a list of Tesla, Inc. (NASDAQ:TSLA) latest ratings and price target changes.

08/10/2018 Broker: Macquarie Research Rating: Outperform New Target: $430 Initiates Coverage On
28/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Sell Old Target: $356 New Target: $225 Downgrade
11/09/2018 Broker: Nomura Old Rating: Buy New Rating: Neutral Old Target: $450 Downgrade
04/09/2018 Broker: Goldman Sachs Rating: Sell New Target: $210 Maintain
28/08/2018 Broker: Canaccord Genuity Old Rating: Hold New Rating: Hold Old Target: $336 New Target: $316 Maintain
20/08/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $308 New Target: $195 Maintain
15/08/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Not Rated Old Target: $195 Suspends
08/08/2018 Broker: Jefferies Old Rating: Hold New Rating: Hold Old Target: $250 New Target: $360 Maintain
03/08/2018 Broker: Canaccord Genuity Rating: Hold New Target: $336 Initiates Coverage On
02/08/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperformer Old Target: $180 New Target: $200 Maintain

The stock increased 2.60% or $6.55 during the last trading session, reaching $258.78. About 7.04 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has declined 19.91% since October 13, 2017 and is downtrending. It has underperformed by 35.53% the S&P500.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company has market cap of $44.15 billion. The firm operates in two divisions, Automotive, and Energy Generation and Storage. It currently has negative earnings. It primarily offers sedans and sport utility vehicles.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Fool.com which released: “Is This Chinese Tesla Rival a Buy?” on October 11, 2018, also Seekingalpha.com with their article: “Tesla’s Most Important Vehicle” published on October 11, 2018, Seekingalpha.com published: “Report: Tesla ‘inundated’ with refinancing ideas” on October 07, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Elon Musk’s Scarlet Letter” published on October 04, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla makes ‘full tax credit’ sales push” with publication date: October 12, 2018.

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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