Tesla, Inc. (NASDAQ:TSLA) CFO Sells $350,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 1,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares in the company, valued at $682,500. This trade represents a 33.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 2nd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00.
• On Friday, May 16th, Vaibhav Taneja sold 3,000 shares of Tesla stock. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00.
• On Friday, May 9th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00.
• 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 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 transaction of $718,046.56.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $47.37 during mid-day trading on Thursday, reaching $284.68. The company had a trading volume of 286,093,850 shares, compared to its average volume of 99,310,614. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business's 50-day simple moving average is $291.12 and its 200 day simple moving average is $334.34. The firm has a market cap of $916.94 billion, a price-to-earnings ratio of 139.55, a PEG ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the firm posted $0.45 earnings per share. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSLA shares. Wells Fargo & Company cut their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Canaccord Genuity Group cut their price target on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. UBS Group cut their price target on shares of Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, Roth Mkm cut their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have assigned 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 a consensus price target of $293.97.

Institutional Trading of Tesla

Several hedge funds and other institutional investors have recently made changes to their positions in TSLA. Wealth Group Ltd. bought a new stake in shares of Tesla during the fourth quarter worth about $275,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Tesla in the fourth quarter worth approximately $1,361,000. Tallon Kerry Patrick acquired a new position in shares of Tesla in the fourth quarter worth approximately $374,000. Eagle Capital Management LLC acquired a new position in shares of Tesla in the fourth quarter worth approximately $331,000. Finally, Brighton Jones LLC lifted its stake in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. 66.20% of the stock is currently owned by institutional investors.

About Tesla

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.