Tesla to Test Self-driving Electric Trucks

Paterniano Del Favero
Agosto 13, 2017

Macguire Cheswick & Tuttle Investment Counsel LLC's holdings in Tesla were worth $258,000 at the end of the most recent quarter. Institutional investors own 63.71% of the company's stock.

Tesla is now going all-in on the Model 3, as the company has continued to make moves related to the production and release of the mass-market electric vehicle. Finally, Vista Capital Partners Inc. bought a new stake in shares of Tesla during the first quarter worth approximately $202,000. Dimensional Fund Advisors LP now owns 100,312 shares of the electric vehicle producer's stock worth $36,274,000 after buying an additional 1,522 shares in the last quarter.

Korea Investment CORP increased its position in shares of Tesla Inc. Finally, Acropolis Investment Management LLC purchased a new position in Tesla during the second quarter valued at about $122,000. Insiders own 23.10% of the company's stock. Tesla Inc has a 12 month low of $178.19 and a 12 month high of $386.99. (TSLA) traded up 0.69% during midday trading on Friday, reaching $357.87.

Tesla last hit the capital markets in March, raising close to $1 billion in convertible notes and almost $400 million in stock. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. Tesla's revenue for the quarter was up 119.6% compared to the same quarter past year. During the same quarter in the previous year, the firm posted ($1.06) EPS. If you are reading this piece on another publication, it was stolen and republished in violation of USA & global trademark & copyright laws.

The news site says Musk revealed during a conference call hosted by Goldman Sachs for bondholders that the Model 3 will have a pack just over 50 kWh with a range of about 220 miles, and a "long-range" version with a 75 kWh pack good for about 310 miles. Berenberg Bank reissued a "buy" rating on shares of Tesla in a research report on Thursday, August 3rd. (The) reissued a "sell" rating and set a $200.00 price target (up previously from $180.00) on shares of Tesla in a research report on Wednesday.

Tesla has so far raised money through equity offerings and convertible bonds, which are eventually converted into Tesla shares.

Citing registration data from Polk, Moody's said that Tesla dominates the electric vehicle market in the United States, selling almost 45 per cent of all e-vehicles in the first six months of 2017. Guggenheim reissued a "buy" rating and issued a $320.00 price target on shares of Tesla in a report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $309.70.

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