Tesla Has Plans To Test A Self-Driving, Electric Semi-Truck

Tesla Has Plans To Test A Self-Driving, Electric Semi-Truck

Several other institutional investors have also recently bought and sold shares of TSLA.

Nevada officials confirmed the meeting with Tesla had occurred and said that Tesla had not applied for a license so far.

Tesla Inc. (NASDAQ:TSLA)'s stock had its "sell" rating reissued by analysts at Goldman Sachs Group, Inc. Deutsche Bank AG reiterated a hold rating and issued a $240.00 target price (up previously from $220.00) on shares of Tesla in a research note on Monday, March 20th. Finally, Royal Bank Of Canada increased their target price on Tesla from $314.00 to $345.00 and gave the company a "sector perform" rating in a research note on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company. The stock now has a consensus rating of Hold and a consensus price target of $309.70.

Tesla shares fell less than 1 percent to $356.25 in morning trading. Tesla has a 1-year low of $178.19 and a 1-year high of $386.99. Tesla Inc. The company has a 50 day moving average of $341.13 and a 200-day moving average of $307.07.

Additionally, "Tesla will also have to contend with what will likely be an accelerated competitive response from both auto OEMs as well as technology firms that are targeting the automotive mobility market", Moody's suggested.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping analysts' consensus estimates of ($2.00) by $0.67. The consensus target price is $244.67 with four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, six equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell. During the same quarter a year ago, the company earned ($1.06) EPS. The business's quarterly revenue was up 119.6% compared to the same quarter a year ago.

TRADEMARK VIOLATION WARNING: "Tesla Inc. (TSLA) Stock Rating Reaffirmed by Guggenheim" was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another publication, it was stolen and republished in violation of United States & global trademark & copyright laws. The original version of this piece can be viewed at The stock was sold at an average price of $367.68, for a total transaction of $1,724,419.20. Following the completion of the transaction, the director now directly owns 160,274 shares in the company, valued at $51,505,652.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

When Musk was asked last week if he would like to raise more cash as a buffer, he said the company was considering a debt offering but not an offering of stocks.

Citing registration data from Polk, Moody's said that Tesla dominates the electric vehicle market in the United States, selling almost 45 per cent of all e-vehicles in the first six months of 2017. Spears Abacus Advisors LLC purchased a new position in shares of Tesla during the second quarter worth $391,000. National Pension Service now owns 101,985 shares of the electric vehicle producer's stock valued at $28,344,000 after buying an additional 25,261 shares in the last quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock worth $122,000 after buying an additional 9 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Tesla by 20.7% in the second quarter.