Tesla, Inc. (NASDAQ:TSLA) Expected To Report Earnings On Wednesday

Tesla, Inc. (NASDAQ:TSLA) Expected To Report Earnings On Wednesday

Fort Point Capital Partners Llc sold 3,222 shares as Tesla Mtrs Inc (TSLA)'s stock rose 14.18%.

The Palo Alto-based electric automaker reported a Q2 net loss of ($1.33), which was $0.59 better than the Wall Street consensus estimate of ($1.92).

The company released the official results today delivered higher on revenue of ~$2.8 billion and missed on earnings with a loss of $2.04 per share (GAAP).

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Tesla, Inc. (NASDAQ:TSLA) will have earnings take center stage when the firm posts their results on 8/2/2017 4:30:00 PM. Comparatively, TSLA posted earnings of $0.67 per share in the same quarter, a year earlier. "Vehicle production in Q1 increased by 64% compared to a year ago, which enabled us to set new quarterly records of 25,051 deliveries and $2.7 billion in GAAP revenue", the report read. The forecast of 10 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

A number of research firms have recently weighed in on TSLA. Morgan Stanley reissued an "overweight" rating and set a $305.00 price objective on shares of Tesla in a research note on Tuesday, April 4th. On Monday, August 17 the stock rating was downgraded by Vetr to "Strong-Buy". Goldman Sachs maintained the stock with "Hold" rating in Friday, August 7 report. Argus Research upgraded it to "Buy" rating and $333 target in Monday, March 21 report. The company presently has an average rating of "Hold" and a consensus price target of $301.70. Tesla Inc (NASDAQ:TSLA) has risen 44.43% since August 2, 2016 and is uptrending. (NASDAQ:TSLA), 3 rate it "Buy", 3 "Outperform", 9 "Underperform", 5 "Sell", while 1 "Hold". If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA & global trademark and copyright laws. The Return on Investment (ROI) ratio of Tesla Motors, Inc. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the completion of the sale, the director now directly owns 166,164 shares in the company, valued at approximately $61,095,179.52. Straubel Jeffrey B had sold 109,100 shares worth $33.58 million on Monday, May 8. DENHOLM ROBYN M sold $6.24M worth of stock or 20,000 shares. The disclosure for this sale can be found here. For the last period, the company reported quarter over quarter EPS growth of 4.20% and quarter over quarter sales growth of 135.10%.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The stock decreased 1.21% or $3.9 during the last trading session, reaching $319.57. Public Employees Retirement Association of Colorado increased its position in Tesla by 0.6% in the second quarter. HighPoint Advisor Group LLC now owns 1,558 shares of the electric vehicle producer's stock valued at $390,000 after buying an additional 127 shares during the last quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer's stock worth $798,576,000 after buying an additional 203,034 shares during the last quarter. The Castle Creek Arbitrage Llc holds 1,456 shares with $311,000 value, down from 23,112 last quarter. 6,441,663 shares of the stock traded hands. This recommendation lands on a scale between 1 and 5. 8,863,354 shares of the company's stock were exchanged. The stock has a 50 day moving average price of $346.84 and a 200-day moving average price of $283.13. Tesla has a one year low of $178.19 and a one year high of $386.99. Tesla has been making costly investments to ramp up auto and battery manufacturing, expand customer service operations and build out its network of recharging stations to execute the chief executive officer's mission to transition the world to electric vehicles and sustainable energy. The Firm operates through two divisions: Automotive, and Energy generation and storage.

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