Deutsche Bank Maintains Tesla Motors Inc to Hold with Price Target $240

Brokerage firm Deutsche Bank Maintains its rating on Tesla Motors Inc(TSLA). In a research note issued to the investors, the brokerage major Raises the price-target to $240 per share. The shares have been rated Hold. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Deutsche Bank was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, Bernstein said it Initiates Coverage On Tesla Motors Inc, according to a research note issued on Mar 8, 2017. In the research note, the firm Announces the price-target to $250 per share. The shares have been rated ‘Market Perform’ by the firm. On Feb 24, 2017, Goldman Sachs said it Downgrades its rating on Tesla Motors Inc. According to the research note, Goldman Sachs Lowers the price target to $185 per share from a prior target of $190. The shares have been rated ‘Sell’ by the firm. On Feb 23, 2017, RBC Capital said it Maintains its rating on Tesla Motors Inc. According to the research note, RBC Capital Raises the price target to $314 per share from a prior target of $245. The shares have been rated ‘Sector Perform’ by the firm. On Jan 19, 2017, Morgan Stanley said it Upgrades its rating on Tesla Motors Inc. According to the research note, Morgan Stanley Raises the price target to $305 per share from a prior target of $242. The shares have been rated ‘Overweight’ by the firm.

Tesla Motors Inc (TSLA) made into the market gainers list on Wednesdays trading session with the shares advancing 1.73% or 4.33 points. Due to strong positive momentum, the stock ended at $255.01, which is also near the day’s high of $255.07. The stock began the session at $251.56 and the volume stood at 40,59,297 shares. The 52-week high of the shares is $287.39 and the 52 week low is $178.19. The company has a current market capitalization of $41,228 M and it has 16,16,70,430 shares in outstanding.

Tesla Motors Inc(TSLA) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.285B. Analysts had an estimated revenue of $2.180B. Earnings per share were $-0.69. Analysts had estimated an EPS of $-0.43.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2017, Kimbal Musk (director) sold 2,500 shares at $254.23 per share price.Also, On Feb 28, 2017, Antonio J. Gracias (director) sold 5,466 shares at $254.71 per share price.On Feb 27, 2017, John Douglas Field (VP, Engineering) sold 500 shares at $257.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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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