Some Traders See Unusual Bearish Options Activity in Tesla Motors Inc

 Some Traders See Unusual Bearish Options Activity in Tesla Motors Inc

In today’s session Tesla Motors Inc (TSLA) recorded an unusually high (515) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious TSLA decrease. With 515 contracts traded and 32984 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: TSLA170317P00190000 closed last at: $14.65 or 0.7% down. About 665,496 shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 24.62% since April 27, 2016 and is downtrending. It has underperformed by 29.84% the S&P500.

Analysts await Tesla Motors Inc (NASDAQ:TSLA) to report earnings on February, 8. They expect $-0.56 EPS, up 56.59% or $0.73 from last year’s $-1.29 per share. After $0.14 actual EPS reported by Tesla Motors Inc for the previous quarter, Wall Street now forecasts -500.00% negative EPS growth.

Tesla Motors Inc (NASDAQ:TSLA) Ratings Coverage

Out of 21 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 9 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 43% are positive. $500 is the highest target while $140 is the lowest. The $267.97 average target is 41.60% above today’s ($189.24) stock price. Tesla Motors Inc has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, May 9 the stock rating was reinitiated by Dougherty & Company with “Buy”. Global Equities Research maintained the stock with “Overweight” rating in Sunday, August 16 report. Vetr downgraded Tesla Motors Inc (NASDAQ:TSLA) on Monday, August 17 to “Strong-Buy” rating. The firm earned “Outperform” rating on Thursday, February 11 by Credit Suisse. The rating was maintained by Goldman Sachs on Monday, April 25 with “Neutral”. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, September 8 report. The rating was maintained by Global Equities Research with “Buy” on Thursday, September 3. Robert W. Baird downgraded Tesla Motors Inc (NASDAQ:TSLA) on Wednesday, October 7 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 8. RBC Capital Markets maintained it with “Sector Perform” rating and $220 target price in Thursday, October 27 report.

According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.50, from 1.35 in 2016Q1. The ratio turned negative, as 82 funds sold all Tesla Motors Inc shares owned while 123 reduced positions. 61 funds bought stakes while 216 increased positions. They now own 98.03 million shares or 2.04% more from 96.07 million shares in 2016Q1.
Jennison Limited Liability holds 0.72% or 3.09M shares in its portfolio. California Pub Employees Retirement System holds 0.11% or 322,300 shares in its portfolio. Kj Harrison Prtnrs Inc has 0.15% invested in the company for 1,294 shares. Delta Lloyd Nv last reported 58,390 shares in the company. Moreover, Valley National Advisers has 0.03% invested in Tesla Motors Inc (NASDAQ:TSLA) for 268 shares. Ontario Teachers Pension Plan Board holds 0.05% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 22,500 shares. The New York-based First Manhattan Commerce has invested 0% in Tesla Motors Inc (NASDAQ:TSLA). Calamos Advsrs Limited accumulated 89,202 shares or 0.13% of the stock. Telemus Cap Lc holds 0.24% or 9,251 shares in its portfolio. Lord Abbett & reported 22,503 shares or 0.01% of all its holdings. Cetera Advsr Limited Liability Corporation has invested 0.06% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Joel Isaacson & Com owns 124 shares or 0.01% of their US portfolio. Sei Investments has invested 0.05% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Prentiss Smith & Company Inc holds 100 shares or 0.01% of its portfolio. Eqis, a California-based fund reported 2,142 shares.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 4 insider sales for $7.26 million net activity. Musk Kimbal sold $549,136 worth of stock or 2,779 shares. FIELD JOHN DOUGLAS sold 1,000 shares worth $230,916. Straubel Jeffrey B sold $6.38M worth of stock.

Tesla Motors, Inc. designs, develops, makes and sells electric vehicles and energy storage products. The company has a market cap of $29.47 billion. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle . It currently has negative earnings. The Firm has delivered over 107,000 Model S vehicles across the world.

TSLA Company Profile

Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.

More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Investorplace.com which released: “Elon Musk Isn’t Failing Tesla Motors Inc (TSLA) Stock. Wall Street Is.” on November 29, 2016, also Fool.com with their article: “How Many Model S Units Will Tesla Motors, Inc. Deliver This Quarter?” published on November 30, 2016, Fool.com published: “Tesla Motors, Inc. Stores Begin Selling Energy Products” on November 23, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Latimes.com and their article: “Tesla Motors officially owns SolarCity: Two Elon Musk companies become one” published on November 21, 2016 as well as Fool.com‘s news article titled: “Shareholders Approve Tesla Motors, Inc. Acquisition of SolarCity” with publication date: November 18, 2016.

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