Tesla to Test Self-driving Electric Trucks

Rodiano Bonacci
Agosto 13, 2017

Four analysts have provided estimates for Tesla's earnings, with estimates ranging from ($2.07) to ($1.48).

TSLA has been the subject of a number of other research reports. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.50 billion. Tesla had a negative return on equity of 17.71% and a negative net margin of 7.61%. The business's revenue for the quarter was up 119.6% compared to the same quarter past year. During the same period in the prior year, the company posted ($1.06) EPS.

TSLA has been the subject of several analyst reports.

Goldman Sachs, Morgan Stanley, Barclays, Bank of America Merrill Lynch, Citigroup, Deutsche Bank and RBC are the book-runners on the bond offering, IFR reported. Finally, Vetr downgraded Tesla from a "buy" rating to a "hold" rating and set a $371.10 price target on the stock.in a research report on Wednesday.

Musk released a teaser image of the Tesla semi at a TED Talk in May. Guggenheim restated a "buy" rating and set a $320.00 price target on shares of Tesla in a research report on Wednesday, April 19th. Berenberg Bank reissued a "buy" rating on shares of Tesla in a research report on Thursday, August 3rd. The average twelve-month target price among brokers that have issued ratings on the stock in the past year is $302.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $367.68, for a total transaction of $1,724,419.20. Over the last quarter, insiders have sold 241,980 shares of company stock valued at $74,834,109. Hedge funds and other institutional investors own 63.71% of the company's stock.

Citing registration data from Polk, Moody's said that Tesla dominates the electric vehicle market in the United States, selling almost 45 per cent of all e-vehicles in the first six months of 2017.

Alpha Cubed Investments LLC acquired a new position in Tesla Inc. Tesla makes up about 0.4% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 29th largest position. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer's stock worth $145,000 after buying an additional 9 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Tesla by 3.5% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer's stock valued at $126,000 after buying an additional 28 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its position in Tesla by 8.3% in the first quarter.

Tesla (TSLA) traded up 2.83% during trading on Wednesday, hitting $356.91. 4,365,783 shares of the company's stock were exchanged. The company has a 50 day moving average price of $341.13 and a 200 day moving average price of $307.07. Tesla Inc. has a one year low of $178.19 and a one year high of $386.99.

Additionally, "Tesla will also have to contend with what will likely be an accelerated competitive response from both auto OEMs as well as technology firms that are targeting the automotive mobility market", Moody's suggested.

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