Tesla: Self-Driving Semi-Trucks On The Way

Cesar Mills
August 13, 2017

Zacks' EPS calculations are an average based on a survey of research analysts that cover Tesla.

Vetr upgraded shares of Tesla Inc. (NASDAQ:TSLA) opened at 357.87 on Friday. Four analysts have provided estimates for Tesla's earnings, with estimates ranging from ($2.07) to ($1.48). Argus reiterated a hold rating on shares of Tesla in a research report on Wednesday, April 12th. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.50 billion. Tesla had a negative net margin of 14.39% and a negative return on equity of 26.74%. Tesla's revenue was up 119.6% compared to the same quarter previous year. During the same quarter a year ago, the firm posted ($1.06) earnings per share. Royal Bank Of Canada raised their price target on Tesla from $314.00 to $345.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. Deutsche Bank AG reissued a "hold" rating and set a $240.00 price target on shares of Tesla in a research report on Wednesday.

Nevada has all vehicle types and weights covered, but Tesla hasn't taken any formal action on it yet. Guggenheim restated a "buy" rating and set a $320.00 price target on shares of Tesla in a research report on Wednesday, April 19th. (NASDAQ:TSLA) from a hold rating to a buy rating in a research report report published on Tuesday morning, Marketbeat.com reports. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Insiders own 23.10% of the company's stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acropolis Investment Management LLC acquired a new position in Tesla during the second quarter worth approximately $122,000. Accern also assigned news headlines about the electric vehicle producer an impact score of 45.0741436449583 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock worth $118,000 after buying an additional 150 shares in the last quarter.

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Moody's also warned that Tesla could face increasing competition from the likes of General Motors (GM), which launched the Chevrolet Bolt earlier this year, together with new entrants, including Apple (AAPL) and Alphabet Inc.'s (GOOGL) Google. 4,365,783 shares of the stock traded hands. The fund owned 714 shares of the electric vehicle producer's stock after selling 115 shares during the period. The firm's 50-day moving average is $341.13 and its 200-day moving average is $307.07.

The years-long battle against the state of MI for Tesla Inc (NASDAQ:TSLA) is unlikely to end any time soon, as the state - which is home base for both Ford and General Motors - clings to archaic dealership laws.

The company has said it expects capital expenditures of $US2 billion in the second half of this year to boost production at its Fremont, California assembly plant and a battery plant in Reno, Nevada. Stock investors purchased 92,133 put options on the stock. The Company operates through two segments: Automotive, and Energy generation and storage.

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