Insider Selling: Tesla Motors Director Unloads 4,287 Shares of Stock (TSLA)

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Tesla Motors (NASDAQ:TSLA) Director Kimbal Musk sold 4,287 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $234.46, for a total transaction of $1,005,130.02. Following the transaction, the director now directly owns 166,435 shares of the company’s stock, valued at approximately $39,022,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tesla Motors (NASDAQ:TSLA) opened at 252.39 on Friday. Tesla Motors has a one year low of $116.10 and a one year high of $265.00. The stock’s 50-day moving average is $228.6 and its 200-day moving average is $213.7. The company’s market cap is $31.359 billion.

Tesla Motors (NASDAQ:TSLA) last released its earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.07. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate of $810.57 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 55.3% on a year-over-year basis. Analysts expect that Tesla Motors will post $1.09 EPS for the current fiscal year.

A number of analysts have recently weighed in on TSLA shares. Analysts at Pacific Crest initiated coverage on shares of Tesla Motors in a research note on Tuesday. They set an “outperform” rating and a $316.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tesla Motors from $163.00 to $170.00 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Tesla Motors in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $222.27.

Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.

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