Tesla pushing ahead with autonomous, electric truck

Tesla has remained tight-lipped as to the purpose of the cameras and made no mention of the devices during the firm's launch of the Model 3 last week

Argus reiterated a hold rating on shares of Tesla in a research report on Wednesday, April 12th. (NASDAQ:TSLA) in a research report released on Wednesday morning. The electric vehicle producer reported ($1.33) EPS for the quarter, topping analysts' consensus estimates of ($2.00) by $0.67. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. Tesla's revenue was up 119.6% compared to the same quarter a year ago. During the same period past year, the firm earned ($1.06) earnings per share.

Several other research analysts also recently weighed in on the stock.

Tesla Inc. (NASDAQ:TSLA)'s stock had its "sell" rating reissued by analysts at Goldman Sachs Group, Inc. But some of the most interesting updates came shortly after Tesla posted its second-quarter shareholder letter, when Tesla CEO Elon Musk shared further perspective during the company's earnings call. Finally, Pacific Crest reaffirmed an "equal weight" rating on shares of Tesla in a research report on Tuesday, June 6th. The stock has an average rating of Hold and an average price target of $309.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

In related news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40. Following the sale, the director now directly owns 160,274 shares in the company, valued at $51,505,652.64. Over the last quarter, insiders have sold 241,980 shares of company stock valued at $74,834,109.

Sharad Yadav sacked from Rajya Sabha post
Today (Saturday), they removed Sharad Yadav, who was the founding member of JD-U, from the leadership of the parliamentary party. Party President Nitish Kumar has made Ramchandra Prasad Singh as new leader of the party in the Upper House.

When Musk was asked last week if he would like to raise more cash as a buffer, he said the company was considering a debt offering but not an offering of stocks.

Even though 2018 sales will likely fall short of Tesla's forecast, Moody's said it believes 300,000 units sold "would be an indication of both the market's acceptance of the Model 3, and Tesla's ability to produce the vehicle efficiently".

ILLEGAL ACTIVITY WARNING: "Tesla Inc (NASDAQ:TSLA) Receives $297.31 Average Price Target from Analysts" was first reported by Rincon Hill News and is the property of of Rincon Hill News. Accern also assigned news headlines about the electric vehicle producer an impact score of 45.0741436449583 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Tesla makes up about 0.4% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 29th largest position. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer's stock worth $109,000 after buying an additional 364 shares during the last quarter. Tesla is burning through about $1 billion per quarter, as it starts its ambitious plan of ramping up Model 3 production to over 400,000 units per year in only 18 months. Finally, Carroll Financial Associates Inc. boosted its position in Tesla by 8.7% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock worth $122,000 after buying an additional 9 shares during the last quarter. The company had a trading volume of 4,365,783 shares.

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