Tesla pushing ahead with autonomous, electric truck

Lloyd Doyle
August 13, 2017

Finally, Garde Capital Inc. increased its position in shares of Tesla by 78.4% in the fourth quarter. Tesla makes up 0.4% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 29th largest position. Perigon Wealth Management LLC increased its position in shares of Tesla by 4.5% in the fourth quarter. Following the transaction, the director now directly owns 160,274 shares in the company, valued at approximately $51,505,652.64. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock worth $118,000 after buying an additional 150 shares during the last quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer's stock worth $282,000 after buying an additional 20 shares during the last quarter.

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.

Is Tesla's (TSLA) junk debt in demand?

The company says it will upgrade all these cars to HW 2.5 for free, as per an Engadget report published Wednesday. The stock's market cap is $59.72 billion. Tesla Inc. has a one year low of $178.19 and a one year high of $386.99. The stock has a 50-day moving average price of $341.84 and a 200-day moving average price of $306.29. (NASDAQ:TSLA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.67. During the same quarter past year, the company earned ($1.06) EPS.

Tesla had $3 billion in cash on hand at the end of the second quarter, but said it expects to spend $2 billion in the second half of this year. On average, equities analysts predict that Tesla Inc. will post ($6.29) EPS for the current year. "(TSLA) Stock Rating Reaffirmed by Guggenheim" was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another publication, it was copied illegally and reposted in violation of USA & worldwide copyright & trademark law. The correct version of this story can be viewed at https://theolympiareport.com/2017/08/12/tesla-inc-nasdaqtsla-shares-bought-by-sumitomo-life-insurance-co-updated.html.

TSLA has been the subject of a number of other research reports. In one of these exchanges, Tesla regulatory official Nasser Zamani wrote to DMV official April Sanborn about the agenda for a July 16 meeting.

Tesla is shopping $1.5 billion in notes that would reportedly pay just 5.25% interest, according to the Wall Street Journal, even though the company's credit is rated speculative grade, or junk.

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