Tesla factory has had higher injury rate than industry average, study finds
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 12:20
A number of hedge funds and other institutional investors have recently bought and sold shares of the company.
India's crowded roads and unreliable electricity grid are also not well suited to Tesla's sleek battery-powered cars. Horizon Kinetics LLC now owns 2,015 shares of the electric vehicle producer's stock worth $431,000 after buying an additional 16 shares during the last quarter. Clarius Group LLC increased its position in shares of Tesla by 0.3% in the first quarter.
Tesla (NASDAQ:TSLA) traded up 1.77% on Wednesday, hitting $309.25. Xact Kapitalforvaltning AB purchased a new stake in shares of Tesla during the third quarter worth about $2,888,000. Critics, and even those who are relatively bullish on the stock, have doubted that Tesla will be able to meet such ambitious targets, and point to times in the company's history where it has fallen short of its own targets. Tesla Inc (NASDAQ:TSLA) has risen 44.43% since May 24, 2016 and is uptrending. 09, 2017. These shares are worth $33,582,071 and were traded at $307.81 each. The stock's 50-day moving average price is $309.35 and its 200-day moving average price is $252.11. The third largest holder is Price T Rowe Associates Inc /Md/, which now holds $3.36 billion worth of this stock and that ownership represents almost 6.68% of its market capitalization. Coldstream Capital Management has invested 0.04% in Tesla Inc (NASDAQ:TSLA). The electric vehicle producer reported ($1.97) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. Cowen and Company reaffirmed an "underperform" rating and set a $155.00 target price on shares of Tesla in a research report on Monday, May 1st.
TRADEMARK VIOLATION NOTICE: This story was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/25/kimbal-musk-sells-2500-shares-of-tesla-inc-tsla-stock-updated-updated.html.
Several analysts have released their opinion on Tesla, Inc.
This is higher than the $368 price target Kallo has on the stock, which he told CNBC is based on lower expected production and sales numbers than Tesla has forecast. Goldman Sachs maintained the stock with "Hold" rating in Friday, August 7 report. Finally, Bank of America Corp cut their price objective on shares of Tesla from $170.00 to $165.00 and set an underperform rating on the stock in a research report on Wednesday, April 26th. Pacific Crest restated a "market perform" rating on shares of Tesla in a research report on Monday, May 15th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock.
In other Tesla news, Director Robyn M. Denholm sold 20,000 shares of the business's stock in a transaction dated Monday, May 8th.