Rep. Josh Gottheimer Buys Tesla, Inc. (NASDAQ:TSLA) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on February 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tesla stock on January 28th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 1/31/2025.
• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Mastercard NYSE: MA on 1/31/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 1/30/2025.

Tesla Price Performance

Shares of TSLA traded down $0.10 during trading hours on Friday, reaching $355.84. 68,000,576 shares of the company's stock traded hands, compared to its average volume of 67,880,264. The stock has a market cap of $1.14 trillion, a PE ratio of 174.43, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $406.31 and its 200-day simple moving average is $307.64. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TSLA shares. Guggenheim reaffirmed a "sell" rating and issued a $175.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Glj Research reaffirmed a "sell" rating and issued a $24.86 price target on shares of Tesla in a research note on Wednesday. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and boosted their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Canaccord Genuity Group boosted their target price on Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, UBS Group boosted their target price on Tesla from $226.00 to $259.00 and gave the company a "sell" rating in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $326.50.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock worth $195,995,200 over the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Tesla

Hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Tesla during the third quarter valued at $29,000. Horrell Capital Management Inc. increased its position in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla in the third quarter worth about $35,000. GS Investments Inc. increased its position in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. Finally, Navigoe LLC purchased a new stake in Tesla in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.