November 18, 2016 - By Marguerite Chambers · 0 Comments
The stock of Tesla Motors Incorporated (NASDAQ:TSLA) registered an increase of 6.37% in short interest. TSLA’s total short interest was 27.88 million shares in November as published by FINRA. Its up 6.37% from 26.21 million shares, reported previously. With 4.18M shares average volume, it will take short sellers 7 days to cover their TSLA’s short positions. The short interest to Tesla Motors Incorporated’s float is 23.85%. About 28,914 shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 25.69% since April 18, 2016 and is downtrending. It has underperformed by 30.12% the S&P500.
Tesla Motors, Inc. designs, develops, makes and sells electric vehicles and energy storage products. The company has a market cap of $29.01 billion. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle . It currently has negative earnings. The Firm has delivered over 107,000 Model S vehicles across the world.
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.50, from 1.35 in 2016Q1. The ratio dived, as 82 funds sold all Tesla Motors Inc shares owned while 123 reduced positions. 61 funds bought stakes while 216 increased positions. They now own 98.03 million shares or 2.04% more from 96.07 million shares in 2016Q1.
Mufg Americas Hldg Corporation last reported 40 shares in the company. Brown Advisory Incorporated holds 0% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 3,025 shares. Deutsche Bank & Trust Ag last reported 1.16M shares in the company. Parus Fin (Uk) Ltd holds 2.74% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 67,052 shares. The New York-based Adirondack has invested 0.01% in Tesla Motors Inc (NASDAQ:TSLA). Atlanta Cap has invested 0.05% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Bokf Na reported 1,180 shares or 0.01% of all its holdings. Great Lakes Advisors Lc has invested 0.05% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Ibm Retirement Fund has 0.12% invested in the company for 15,141 shares. Atwood Palmer accumulated 0% or 40 shares. Evanson Asset Mgmt Lc has 1,267 shares for 0.08% of their US portfolio. D L Carlson Invest Gp accumulated 5,840 shares or 0.44% of the stock. Hhr Asset Ltd Llc has 390,135 shares for 4.22% of their US portfolio. Farmers & Merchants Invests holds 330 shares or 0.01% of its portfolio. Clearbridge Ltd Limited Liability Company holds 0% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 290 shares.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 3 selling transactions for $883,263 net activity. $549,136 worth of Tesla Motors Inc (NASDAQ:TSLA) was sold by Musk Kimbal on Tuesday, November 1. On Tuesday, June 7 the insider FIELD JOHN DOUGLAS sold $230,916.
Out of 21 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 9 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 43% are positive. Tesla Motors Inc has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Tesla Motors Inc (NASDAQ:TSLA) rating on Thursday, February 11. Credit Suisse has “Outperform” rating and $240 price target. The firm has “Buy” rating given on Thursday, September 3 by Global Equities Research. The rating was initiated by RBC Capital Markets on Tuesday, October 6 with “Sector Perform”. The stock of Tesla Motors Inc (NASDAQ:TSLA) earned “Sell” rating by Berenberg on Wednesday, February 3. On Monday, March 21 the stock rating was upgraded by Argus Research to “Buy”. The stock of Tesla Motors Inc (NASDAQ:TSLA) earned “Sell” rating by UBS on Tuesday, July 21. Robert W. Baird downgraded Tesla Motors Inc (NASDAQ:TSLA) on Wednesday, October 7 to “Neutral” rating. The rating was downgraded by Barclays Capital to “Underweight” on Friday, October 9. The firm has “Overweight” rating by Global Equities Research given on Sunday, August 16. The rating was upgraded by S&P Research on Tuesday, October 13 to “Hold”.
Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.
More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Profitconfidential.com which released: “Tesla Motors Inc: Is TSLA Stock Ready to Move On?” on November 18, 2016, also Foxbusiness.com with their article: “The Fate of the Tesla Motors, Inc.-SolarCity Deal to Be Decided Thursday” published on November 16, 2016, Investorplace.com published: “Tesla Motors Inc (TSLA) Stock Just Hit Another Bump in the Road” on November 16, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Investorplace.com and their article: “Tesla Motors Inc (TSLA) Quietly Set Itself Up for a HUGE Q4” published on November 15, 2016 as well as Fool.com‘s news article titled: “Tesla Motors, Inc. to Acquire German Engineering Company” with publication date: November 08, 2016.
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By Marguerite Chambers
Tags: Tesla Motors Inc