What Will Happen to Tesla Inc (NASDAQ:TSLA) Next? The Stock Has Increase in Shorts

October 13, 2018 - By Adrian Erickson

Tesla, Inc. (NASDAQ:TSLA) Logo

Investors 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.
Illinois-based Hightower has invested 0.11% in Tesla, Inc. (NASDAQ:TSLA). Filament Ltd Company, a Washington-based fund reported 3,740 shares. Wade G W And Inc stated it has 1,336 shares. Nordea Inv Mgmt Ab holds 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 5,568 shares. Eulav Asset Mngmt, a New York-based fund reported 21,500 shares. Agf Invests owns 0.42% invested in Tesla, Inc. (NASDAQ:TSLA) for 120,096 shares. Parametric Portfolio Limited Liability Company reported 140,247 shares. Seminole Management Co invested 4.21% in Tesla, Inc. (NASDAQ:TSLA). Lincoln National owns 1,376 shares. Moreover, Van Eck Associate Corp has 0.05% invested in Tesla, Inc. (NASDAQ:TSLA). St Johns Invest Mngmt Lc accumulated 19 shares. Winch Advisory Ltd Liability Corporation has 332 shares. California State Teachers Retirement Systems holds 217,858 shares. Cap Advisors Lc holds 69 shares or 0.01% of its portfolio. 375 were reported by Rocky Mountain Advisers Ltd Liability Corporation.

Since May 7, 2018, it had 2 insider purchases, and 2 sales for $33.02 million activity. The insider Musk Kimbal sold 1,875 shares worth $671,736. FIELD JOHN DOUGLAS also sold $1.08M worth of Tesla, Inc. (NASDAQ:TSLA) on Friday, June 15.

The stock of Tesla Inc (NASDAQ:TSLA) registered an increase of 0.38% in short interest. TSLA’s total short interest was 32.84M shares in October as published by FINRA. Its up 0.38% from 32.72 million shares, reported previously. With 9.25M shares average volume, it will take short sellers 4 days to cover their TSLA’s short positions. The short interest to Tesla Inc’s float is 25.76%.

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.

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. As per Wednesday, May 30, the company rating was maintained by Robert W. Baird. Vertical Group maintained the stock with “Sell” rating in Monday, June 18 report. The rating was maintained by Robert W. Baird on Wednesday, May 2 with “Buy”. Goldman Sachs maintained it with “Sell” rating and $19500 target in Tuesday, May 1 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, April 18. On Thursday, May 3 the stock rating was maintained by UBS with “Sell”. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, August 2 report. The firm earned “Neutral” rating on Tuesday, September 11 by Nomura. The firm has “Buy” rating given on Monday, May 21 by Telsey Advisory. The stock has “Sell” rating by Goldman Sachs on Thursday, April 19.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Seekingalpha.com which released: “Musk: Tesla ‘very close’ to profitability” on October 01, 2018, also Seekingalpha.com with their article: “Tesla makes ‘full tax credit’ sales push” published on October 12, 2018, Seekingalpha.com published: “No fear from Macquarie on Tesla” on October 08, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Tesla’s Achilles’ Heel?” published on October 05, 2018 as well as Seekingalpha.com‘s news article titled: “Oregon retrieves Tesla solar tax credits” with publication date: October 12, 2018.

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

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