(NASDAQ:TSLA) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. Corporate insiders own 23.10% of the company's stock.
Moody's estimates that Tesla will sell 300,000 vehicles in 2018, far below the company's goal of 500,000.
Several other large investors also recently made changes to their positions in TSLA. Musk confirmed of Tesla working on heavy-duty electric trucks in one of his tweets in June.
Will Tesla be the first to bring automated trucks to the masses? SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer's stock worth $109,000 after buying an additional 364 shares during the last 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. Finally, Advisory Services Network LLC acquired a new position in Tesla during the first quarter valued at approximately $122,000. Finally, HighPoint Advisor Group LLC raised its stake in shares of Tesla by 8.9% in the fourth quarter.
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.
Shares of Tesla (NASDAQ TSLA) opened at 357.87 on Friday. The firm's market capitalization is $58.97 billion. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating analysts' consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 14.39% and a negative return on equity of 26.74%. Tesla's quarterly revenue was up 119.6% on a year-over-year basis. During the same period a year ago, the firm earned ($1.06) earnings per share. Equities analysts expect that Tesla will post ($6.29) earnings per share for the current year. If you are accessing this story on another site, it was stolen and reposted in violation of United States & worldwide trademark and copyright law. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/12/tesla-inc-nasdaqtsla-receives-297-31-consensus-pt-from-brokerages-updated.html. However, some analysts have questioned whether Tesla's bond offers good value for money, particularly given the number of risks it presents.
According to the report, Tesla declined to comment on the matter, instead referring back to Musk's who has discussed the truck in tweets and at the annual shareholder meeting. (The) reissued a "sell" rating and set a $200.00 price target (up previously from $180.00) on shares of Tesla in a research report on Wednesday.
In addition to Vetr Inc. reporting its target price, a total of 12 firms have issued a report on the stock. Guggenheim boosted their price objective on shares of Tesla from $320.00 to $380.00 and gave the stock a buy rating in a research report on Monday, May 15th.