Tesla Motors, Inc. (NASDAQ:TSLA) Given $178-$400 PT Range

All eyes will be on Netflix, Inc. on 2015-10-21 when the Street is expecting the company to report their quarterly numbers.

In spite of the firm’s rating upgrade NASDAQ:TSLA is now trading -0.81% lower at $228.90 as of 12:34 New York time. The stock was sold at an average price of $255.39, for a total transaction of $4,264,502.22.

Tesla representatives were quick to show off interactive displays focused on 4 major themes, autopilot, safety, the charging network from the company and the dual motors providing power to each axle, in the course of an exclusive tour of its refreshed store at the Santana Row shopping center, San Jose, Calif. Ricardo Reyes, vice president communications at Tesla stated that people buying electric vehicles have a very different process to go through compared to auto buyers choosing an internal combustion engine. The effort is trained largely towards telling the story of Tesla, which is crucial for a young company that seeks to sell a mysterious product that has also remained intimidating to most drivers. The transaction was disclosed in a filing with the SEC, which is available at this link. Following the sale, the director now directly owns 15,272 shares in the company, valued at approximately $3,900,316.08. The disclosure for this purchase can be found here. During the same period in the previous year, the firm earned $0.11 EPS. (NASDAQ:TSLA) witnessed a decline in the market cap on Friday as its shares dropped 4.71% or 11.41 points. Bank of America reissued a “sell” rating on shares of Tesla Motors in a research report on Sunday, July 5th. The rating by the firm was issued on August 17, 2015. The company now has a consensus rating of “Hold” and a consensus target price of $288.41.

Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain parts and fixed energy storage systems. The production F-PACE could hit the U.S.as a 2016 model. The Company is engaged in commercially producing a federally-compliant electric vehicle, the Tesla Roadster. Its developing Model S and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers.

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