Tesla (NASDAQ:TSLA) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Tesla (NASDAQ:TSLA) released its quarterly earnings results on Tuesday. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10), Briefing.com reports. Tesla had a return on equity of 10.68% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the company earned $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Tesla Trading Up 4.0 %

NASDAQ TSLA traded up $8.59 during trading hours on Thursday, hitting $224.58. 71,365,055 shares of the company’s stock were exchanged, compared to its average volume of 101,031,984. The business’s 50 day moving average is $203.92 and its 200-day moving average is $191.17. Tesla has a 12-month low of $138.80 and a 12-month high of $278.98. The firm has a market capitalization of $716.23 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 6.15 and a beta of 2.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Glj Research upped their price target on Tesla from $22.86 to $24.86 and gave the stock a “sell” rating in a research note on Tuesday. Guggenheim reaffirmed a “sell” rating and set a $134.00 price objective on shares of Tesla in a report on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Tesla in a report on Tuesday, July 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a report on Thursday, July 18th. Finally, China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Friday, July 5th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $201.03.

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.