Shares of Tesla Motors (TSLA) are down $6.94, or 2.61%, at $259.62, following a report by InsideEV that looks at July sales figure for Tesla, claiming that the company’s Model S sales fell 43% month-over-month.
According to the publication, Tesla sold 1,600 Model S in July, as compared to 2,800 in June.
InsideEV’s report also discusses monthly sales for other electric vehicle makers.
As a quick reminder, Tesla is set to report its Q2’15 earnings numbers Wednesday, August 5 after the close. Analysts expect the electric car maker to report EPS of ($0.59) and revenue of $1.17 billion. EarningsWhisper.com reports a whisper number of ($0.12) per share.
On valuation measures, Tesla Motors Inc. shares have a T-12 price/sales ratio of 9.56 and a price/book for the same period of 40.71. EPS is ($3.17). The name has a market cap of $33.05 billion and a median Wall Street price target of $289.00 with a high target of $400.00. Currently there are 9 analysts that rate TSLA a ‘Buy’, 7 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’.
In terms of share statistics, Tesla Motors Inc. has a total of 126.40 million shares outstanding with 23.43% held by insiders and 56.90% held by institutions. The stock’s short interest currently stands at 25.02%, bringing the total number of shares sold short to 23.45 million.
Shares of Palo Alto, California-based electric car maker are up 19.19% year-over-year and 19.67% year-to-date.