Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 4,000 Shares

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

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

• On Thursday, May 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $284.40, for a total value of $1,137,600.00.
• On Monday, April 7th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was 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 shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00.

Tesla Stock Up 2.1%

TSLA stock traded up $7.16 during mid-day trading on Friday, reaching $349.98. The company had a trading volume of 93,349,107 shares, compared to its average volume of 97,089,415. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. 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 capitalization of $1.13 trillion, a price-to-earnings ratio of 171.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The firm has a fifty day simple moving average of $267.35 and a 200 day simple moving average of $330.09.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the firm earned $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC lifted its holdings in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. First PREMIER Bank raised its position in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC lifted its stake in Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Tesla during the 1st quarter valued at $27,000. Finally, True Wealth Design LLC increased its position in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSLA shares. Wells Fargo & Company dropped their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. StockNews.com lowered shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Argus set a $410.00 price target on shares of Tesla in a research note on Thursday, April 24th. Royal Bank of Canada cut their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Glj Research restated a "sell" rating and set a $19.05 price objective (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Ten 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $289.43.

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.