UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer's stock worth $62,082,000 after buying an additional 25,012 shares during the last quarter.
Moody's estimates that Tesla will sell 300,000 Model 3 vehicles in 2018.
Several other analysts also recently commented on TSLA. Musk confirmed of Tesla working on heavy-duty electric trucks in one of his tweets in June.
Tesla's share of 45 per cent is well ahead of General Motors (GM), which accounted for 16 per cent of the USA market thanks to its electric auto Chevy Bolt. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer's stock worth $109,000 after buying an additional 364 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tesla by 26.1% in the fourth quarter. Baillie Gifford & Co. increased its position in Tesla by 2.5% in the first quarter. Insiders own 23.10% of the company's stock.
Shares of Tesla Inc.
Tesla (NASDAQ:TSLA) traded up 2.83% during trading on Monday, reaching $356.91. The company has a 50 day moving average price of $341.13 and a 200-day moving average price of $307.07.
Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The firm's market capitalization is $59.72 billion.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.00) by $0.67. During the same period in the previous year, the business earned ($1.06) EPS. Tesla is burning through about $1 billion per quarter, as it starts its ambitious plan of ramping up Model 3 production to over 400,000 units per year in only 18 months. Equities analysts predict that Tesla Inc. will post ($6.29) earnings per share for the current fiscal year.
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Tesla reportedly wanted to meet with Nevada to discuss testing of two prototype trucks, so it sounds like the project is quite far along. In one of these exchanges, Tesla regulatory official Nasser Zamani wrote to DMV official April Sanborn about the agenda for a July 16 meeting. Finally, Carroll Financial Associates Inc. boosted its position in Tesla by 8.7% in the second quarter. Royal Bank Of Canada raised their price target on Tesla from $314.00 to $345.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 3rd. (The) reiterated a sell rating and issued a $187.00 price target on shares of Tesla in a research report on Saturday, April 22nd. Tesla now has a consensus rating of "Hold" and an average price target of $309.70. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. 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 filing with the SEC, which is available at this hyperlink.
The Department of Motor Vehicles said it is already in talks with the auto maker, but there's still a lot to be done before the trucks hit the road.