Tesla, Inc. (NASDAQ:TSLA) CFO Sells $1,200,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at $8,085,000. The trade was a 12.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vaibhav Taneja also recently made the following trade(s):

• On Thursday, May 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $284.40, for a total transaction of $1,137,600.00.
• On Monday, April 7th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00.
• On Thursday, March 6th, Vaibhav Taneja sold 2,672 shares of Tesla stock. The shares were sold at an average price of $268.73, for a total value of $718,046.56.
• On Monday, March 3rd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00.

Tesla Stock Up 4.9%

TSLA traded up $15.69 during trading hours on Tuesday, reaching $334.07. 136,262,264 shares of the stock traded hands, compared to its average volume of 96,589,483. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a market cap of $1.08 trillion, a price-to-earnings ratio of 163.76, a PEG ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm's fifty day simple moving average is $259.44 and its two-hundred day simple moving average is $328.24.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent research reports. Mizuho dropped their price objective on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Bank of America decreased their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $287.46.

Hedge Funds Weigh In On Tesla

Institutional investors have recently made changes to their positions in the business. True Wealth Design LLC grew its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. boosted its holdings 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 purchasing an additional 58 shares during the period. Navigoe LLC bought a new stake in Tesla during the fourth quarter valued at $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the fourth quarter worth $38,000. 66.20% of the stock is owned by institutional investors and hedge funds.

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.

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