Tesla (NASDAQ:TSLA) Issues Quarterly Earnings Results

Tesla (NASDAQ:TSLA) announced its quarterly earnings results on Tuesday. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10), Briefing.com reports. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS.

Tesla Stock Down 2.0 %

NASDAQ TSLA traded down $5.13 during mid-day trading on Tuesday, reaching $246.38. The stock had a trading volume of 94,570,852 shares, compared to its average volume of 100,594,195. Tesla has a 1 year low of $138.80 and a 1 year high of $278.98. The stock has a market cap of $785.76 billion, a PE ratio of 63.42, a price-to-earnings-growth ratio of 5.97 and a beta of 2.31. The company has a fifty day moving average price of $201.71 and a 200 day moving average price of $190.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TSLA. Citigroup increased their price target on Tesla from $182.00 to $274.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a research note on Thursday, July 11th. Mizuho increased their price objective on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. New Street Research reissued a “buy” rating and issued a $235.00 price objective on shares of Tesla in a research note on Tuesday, June 25th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a research note on Tuesday, July 16th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $197.46.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.