Company shares are trading at $375.10 which is slightly above $354.97, the stock’s 50 day moving average and much higher than the 200 day moving average of $325.99. The 50 day moving average went up $20.13 or +5.67% and the 200 day average moved up $49.11. Trading was heavy with 6,256K shares changing hands by the end of trading on Wednesday. Shares saw a steep increase in trading volume of 5.07% over the normal average daily volume.
Investors are a little more bearish on Tesla, Inc. if you consider the increase in short interest. The company experienced a rise in short interest of 1.91% as of August 31, 2017 from the last reporting period. Short interest grew from 28,697,786 to 29,244,600 over that timeframe. The short-interest ratio increased to 7.0 and the short interest percentage is 0.18% as of August 31.
Here is a rundown on some insider market activity for Tesla, Inc. (NASDAQ:TSLA). VP Eric Branderiz sold 99 shares at an average price of $350.12 on Tue the 5th. The VP now owns $0 of the stock as recorded in a recent Form 4 SEC filing. Kimbal Musk, Director reported the sale of 2,190 shares of (TSLA). The shares were purchased at an average price of $355.39. Musk now owns $55,829,637 of the stock per the Form 4 SEC filing.
Director Stephen T. Jurvetson disclosed the sale of 44,777 shares. The shares were sold on August 22nd for an average price of $340.31. The Director now owns $0 of the stock according to the SEC filing.
The following firms have recently changed their position in TSLA. As of the end of the quarter Perigon Wealth Management, LLC had disposed of a total of 362 shares trimming its stake by 4.5%. The value of the investment in TSLA increased from $2,233,000 to $2,771,000 a change of 24.1% since the last quarter. As of quarter end Koshinski Asset Management, Inc. had bought 217 shares growing its position 12.0%. The value of the company’s investment in Tesla, Inc. went from $502,000 to $730,814,000 increasing 145,480.5% quarter over quarter.
Next Financial Group, Inc added to its investment by buying 462 shares an increase of 56.1% in the quarter. Next Financial Group, Inc claims 1,285 shares with a value of $465,000,000. The total value of its holdings increased 180,132.6%. Jane Street Group, LLC cut its holdings by shedding 276,800 shares a decrease of 72.5% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC owns 104,800 shares worth $37,897,000. The value of the position overall is down by 64.3%.
August 17 investment analysts at Citigroup maintained a stock rating of “Neutral” but moved up the price target to $371.00 from $357.00. On August 14 Baird made no change to the company rating of “Outperform” and raised the price target from $338.00 to $411.00.
Equity analyst Citigroup initiated coverage on TSLA with a rating of “Neutral”.
As of the latest earnings report the EPS was $-4.85 and is expected to be $-6.26 for the current year with 166,887,000 shares outstanding. Next quarter’s EPS is forecasted to be $-1.45 and the next full year EPS is anticipated to be $-0.85.
Tesla, Inc., formerly Tesla Motors, Inc., launched on July 1, 2003, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers..