Tesla (NASDAQ:TSLA) Earns Sell Rating from Guggenheim

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "sell" rating reaffirmed by research analysts at Guggenheim in a report issued on Monday,Benzinga reports. They presently have a $175.00 price target on the electric vehicle producer's stock. Guggenheim's price objective points to a potential downside of 50.61% from the company's current price.

Several other equities research analysts have also commented on TSLA. Morgan Stanley restated an "overweight" rating and set a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Barclays lowered their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Bank of America lowered their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Oppenheimer reissued a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $294.58.

Tesla Stock Up 10.0%

NASDAQ TSLA traded up $32.15 during trading hours on Monday, hitting $354.31. 69,109,602 shares of the company were exchanged, compared to its average volume of 101,070,465. Tesla has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a 50 day moving average of $306.22 and a two-hundred day moving average of $331.70. The firm has a market cap of $1.14 trillion, a price-to-earnings ratio of 195.71, a PEG ratio of 12.05 and a beta of 2.47. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter last year, the company posted $0.45 EPS. Equities research analysts anticipate that Tesla will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the transaction, the director now owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now owns 67,600 shares of the company's stock, valued at $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is currently owned by insiders.

Institutional Trading of Tesla

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Tesla by 1.5% in the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after buying an additional 1,655,203 shares during the period. Norges Bank acquired a new stake in Tesla during the 4th quarter valued at $14,420,248,000. FMR LLC raised its position in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Tesla by 21.6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after buying an additional 5,075,418 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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