What’s Ahead for Tesla Inc (NASDAQ:TSLA) After More Shorted Shares?

October 13, 2018 - By Darrin Black

Tesla, Inc. (NASDAQ:TSLA) Logo

Investors sentiment decreased to 0.85 in 2018 Q2. Its down 0.07, from 0.92 in 2018Q1. It dived, as 109 investors sold Tesla, Inc. shares while 180 reduced holdings. 100 funds opened positions while 146 raised stakes. 94.54 million shares or 6.02% less from 100.60 million shares in 2018Q1 were reported.
Birinyi Assoc Incorporated stated it has 600 shares or 0.08% of all its holdings. Moors And Cabot Inc reported 0.1% stake. Alphamark Advsrs Ltd Liability Corporation has 225 shares for 0.03% of their portfolio. Menlo Advisors Limited Com stated it has 0.59% in Tesla, Inc. (NASDAQ:TSLA). Manchester Management, a Vermont-based fund reported 1,687 shares. Credit Suisse Ag invested 0.18% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Destination Wealth Mgmt owns 0% invested in Tesla, Inc. (NASDAQ:TSLA) for 200 shares. Cidel Asset Mngmt, a Ontario – Canada-based fund reported 5,613 shares. Ironwood Financial Lc invested 0.01% in Tesla, Inc. (NASDAQ:TSLA). Hsbc Holdg Public Limited invested in 58,388 shares or 0.04% of the stock. Mariner Lc owns 3,058 shares for 0.03% of their portfolio. Rafferty Asset Limited Liability Company reported 4,757 shares. Huntington Comml Bank stated it has 490 shares or 0% of all its holdings. Shell Asset Mgmt Company holds 0.07% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 9,497 shares. Seabridge Invest Advsrs Ltd Llc owns 1 shares.

Since May 7, 2018, it had 2 insider purchases, and 2 sales for $33.02 million activity. Another trade for 1,875 shares valued at $671,736 was made by Musk Kimbal on Monday, July 2. Another trade for 3,000 shares valued at $1.08 million was made by FIELD JOHN DOUGLAS on Friday, June 15.

The stock of Tesla Inc (NASDAQ:TSLA) registered an increase of 0.38% in short interest. TSLA’s total short interest was 32.84 million shares in October as published by FINRA. Its up 0.38% from 32.72M shares, reported previously. With 9.25 million shares average volume, it will take short sellers 4 days to cover their TSLA’s short positions. The short interest to Tesla Inc’s float is 25.76%.

The stock increased 2.60% or $6.55 during the last trading session, reaching $258.78. About 7.04 million shares traded. Tesla, Inc. (NASDAQ:TSLA) has declined 19.91% since October 13, 2017 and is downtrending. It has underperformed by 35.53% the S&P500.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company has market cap of $44.15 billion. The firm operates in two divisions, Automotive, and Energy Generation and Storage. It currently has negative earnings. It primarily offers sedans and sport utility vehicles.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 20 analysts covering Tesla Motors (NASDAQ:TSLA), 7 have Buy rating, 6 Sell and 7 Hold. Therefore 35% are positive. Tesla Motors had 40 analyst reports since April 16, 2018 according to SRatingsIntel. As per Wednesday, June 13, the company rating was maintained by Robert W. Baird. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Sell” rating by Vertical Group on Monday, June 18. Goldman Sachs maintained it with “Sell” rating and $210 target in Tuesday, September 4 report. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Equal-Weight” rating given on Wednesday, April 18 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, May 29 by Guggenheim. The stock has “Buy” rating by Robert W. Baird on Wednesday, May 30. The company was maintained on Wednesday, August 8 by Jefferies. On Thursday, May 31 the stock rating was maintained by UBS with “Sell”. Robert W. Baird maintained the shares of TSLA in report on Wednesday, May 2 with “Buy” rating. The firm has “Hold” rating given on Wednesday, April 18 by KeyBanc Capital Markets.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Seekingalpha.com which released: “Tesla: The Cracks Are Showing” on October 11, 2018, also Seekingalpha.com with their article: “Musk: Tesla ‘very close’ to profitability” published on October 01, 2018, Seekingalpha.com published: “Tesla’s Most Important Vehicle” on October 11, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Tesla makes ‘full tax credit’ sales push” published on October 12, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla Board Must Make Tough Decision” with publication date: October 05, 2018.

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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