UBS put a $230 price target on Tesla (TSLA)

NASDAQ: TSLA | Tesla, Inc. News, Ratings, and Charts

TSLA – Tesla is continuing to gain more respect in the market with numerous price targets.

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Tesla, Inc (NASDAQ:TSLA)

Tesla released its quarterly earnings on October 24, which significantly surpassed analyst expectations. Since the report, investment analysts such as UBS group have granted the electric car manufacturer significant upgrades. UBS placed a $230 price objective on Tesla Tuesday.

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In other Tesla news, CFO Deepak Ahuja sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $343.46, for a total value of $1,202,110.00. Following the completion of the transaction, the chief financial officer now owns 27,965 shares of the company’s stock, valued at approximately $9,604,858.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $348.44, for a total transaction of $5,226,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,375 shares of company stock valued at $8,668,760. Corporate insiders own 22.80% of the company’s stock.

Other major analysts such as Piper Jaffray and Oppenheimer have recently changed positions on the stock. Piper Jaffray gave Tesla a $389 price target on Tesla shares with a “buy” rating, and Oppenheimer granted the stock a $385 and a “buy” rating.

Tesla, Inc shares were trading at $344.63 per share on Tuesday afternoon, down $8.84 (-2.50%). Year-to-date, TSLA has gained 10.69%, versus a 0.28% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of B (Buy), and is ranked #2 of 25 stocks in the Auto & Vehicle Manufacturers category.

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