Tesla Motors Inc (NASDAQ:TSLA), in the beginning of November, sent out a letter to their shareholders, divulging a plan to sell between 50,000-52,000 vehicles this year. According to a recent report, however, the company seems to be lagging behind this prediction.
Sales numbers through October 2015 apparently are sitting at about 36,700 sales, meaning they are averaging just 3,700 per month, with just about two months remaining on the year.
The stock closed at $229.64 during the last session. It is down 5.13% since April 24, 2015 and is uptrending. It has outperformed by 6.26% the S&P500.
Out of 14 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 7 rate it “Buy”, 3 “Sell”, while 4 “Hold”. This means 50% are positive. $465 is the highest target while $180 is the lowest. The $287.29 average target is 25.10% above today’s ($229.64) stock price. Tesla Motors Inc was the topic in 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Evercore maintained the stock on November 4 with “Buy” rating. RBC Capital Markets initiated it with “Sector Perform” rating and $280 target price in an October 6 report. S&P Research upgraded the shares of TSLA in a report on October 13 to “Hold” rating. Morgan Stanley maintained the firm’s rating on October 6. Morgan Stanley has “Overweight” rating and $450 price target. Finally, Robert W. Baird downgraded the stock to “Neutral” rating in an October 7 report.
The institutional sentiment increased to 1.28 in Q2 2015. Its up 0.28, from 1 in 2015Q1. The ratio increased, as 60 funds sold all Tesla Motors Inc shares owned while 139 reduced positions. 96 funds bought stakes while 158 increased positions. They now own 77.48 million shares or 1.63% more from 76.24 million shares in 2015Q1.
J&P(China)Capital Management Co.Ltd holds 36.43% of its portfolio in Tesla Motors Inc for 985,158 shares. Andor Capital Management L.L.C. owns 1.00 million shares or 24.89% of their US portfolio. Moreover, R. G. Niederhoffer Capital Management Inc has 7.09% invested in the company for 4,200 shares. The Washington-based Zevenbergen Capital Investments Llc has invested 6.81% in the stock. Hhr Asset Management Llc, a New Jersey-based fund reported 441,361 shares.
Since April 16, 2015, the stock had 0 buys, and 8 sales for $18.21 million net activity. Straubel Jeffrey B sold 10,000 shares worth $2.18 million. Ehrenpreis Ira Matthew sold 16,698 shares worth $4.26M. Ahuja Deepak sold 5,000 shares worth $1.29M. Guillen Jerome M sold 1,500 shares worth $373,291. The insider Reichow Gregory sold 10,000 shares worth $2.40 million.
Tesla Motors, Inc. is a United States company, which designs, develops, makes and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The company has a market cap of $30.07 billion. The Firm sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. It currently has negative earnings. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers.