Macguire Cheswick & Tuttle Investment Counsel LLC lowered its stake in Tesla Inc.
Press coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive on Saturday, according to Accern. The firm acquired 688 shares of the electric vehicle producer's stock, valued at approximately $249,000. Pittenger & Anderson Inc. boosted its position in Tesla by 20.0% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock worth $118,000 after buying an additional 150 shares during the last quarter. 4,365,783 shares of the stock traded hands. Arthur M. Cohen & Associates LLC now owns 1,382 shares of the electric vehicle producer's stock worth $487,000 after buying an additional 25 shares during the last quarter.
Tesla's share of 45 per cent is well ahead of General Motors (GM), which accounted for 16 per cent of the US market thanks to its electric vehicle Chevy Bolt.
Tesla (NASDAQ TSLA) opened at 357.87 on Tuesday. Tesla Inc's 50-day average is $341.13 and its two hundred day average is $307.07.
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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Tesla Inc has 52 week low of $178.19 and a 52 week high of $386.99 and has a market cap of $0.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. During the same period in the previous year, the business posted ($1.06) earnings per share.
Tesla had $3 billion in cash on hand at the end of the second quarter, but said it expects to spend $2 billion in the second half of this year. On average, equities analysts predict that Tesla Inc. will post ($6.29) EPS for the current year. If you are accessing this story on another site, it was stolen and reposted in violation of USA & global trademark and copyright law.
A number of analysts have recently commented on the stock. (The) set a $190.00 price target on shares of Tesla and gave the stock a "sell" rating in a research report on Monday, May 15th. Robert W. Baird reissued an "outperform" rating and issued a $368.00 target price on shares of Tesla in a research note on Tuesday, June 20th. Finally, Bank of America Corporation decreased their price target on shares of Tesla from $170.00 to $165.00 and set an "underperform" rating on the stock in a research report on Wednesday, April 26th. (The) raised their price target on shares of Tesla from $180.00 to $190.00 in a report on Friday, August 4th. (The) reiterated a sell rating and issued a $187.00 price target on shares of Tesla in a research report on Saturday, April 22nd. The stock now has a consensus rating of Hold and a consensus price target of $309.70.