Tesla self-driving truck set for road testing

Xavier Trudeau
Août 13, 2017

Tesla makes up 0.4% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 29th largest position. Advisory Services Network LLC purchased a new position in shares of Tesla during the first quarter valued at about $122,000. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer's stock valued at $20,707,000 after buying an additional 20,082 shares during the last quarter.

Korea Investment CORP increased its position in shares of Tesla Inc. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock valued at $118,000 after buying an additional 150 shares in the last quarter.

The Model Y's new architecture will use a new approach to electrical distribution, although Musk did not clearly explain how Tesla is doing it. UBS Asset Management Americas Inc. increased its position in shares of Tesla by 9.4% in the fourth quarter. Insiders own 23.10% of the company's stock. The company has been trying to obtain a dealer license, but a 2014 change to the law prohibits direct sales from automakers, which is blocking them for obtaining the license. The firm's market capitalization is $58.97 billion. Tesla has a 12-month low of $178.19 and a 12-month high of $386.99. The company has a 50-day moving average of $346.20 and a 200-day moving average of $302.00.

Press coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive on Saturday, according to Accern. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted ($1.06) earnings per share.

Tesla filed a lawsuit against the state of MI previous year claiming its ban on direct sales is in violation of national commerce laws.

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Several other analysts also recently commented on TSLA. 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.

Tesla has so far raised money through equity offerings and convertible bonds, which are eventually converted into Tesla shares. Argus raised Tesla from a "hold" rating to a "buy" rating and boosted their target price for the company from $355.17 to $444.00 in a research note on Tuesday. Goldman Sachs Group, Inc. Finally, Vetr downgraded Tesla from a "buy" rating to a "hold" rating and set a $371.10 price target on the stock.in a research report on Wednesday. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company's stock. Tesla presently has an average rating of "Hold" and a consensus price target of $309.70.

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