Insider Selling: Tesla, Inc. (NASDAQ:TSLA) CFO Sells 2,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,777,200. This represents a 25.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 7th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00.
• On Monday, June 9th, Vaibhav Taneja sold 2,564 shares of Tesla stock. The stock was sold at an average price of $285.71, for a total transaction of $732,560.44.
• On Tuesday, June 3rd, Vaibhav Taneja sold 1,000 shares of Tesla stock. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00.
• 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 shares were sold at an average price of $284.40, for a total transaction of $1,137,600.00.

Tesla Trading Down 0.0%

Tesla stock traded down $0.11 during trading hours on Friday, reaching $309.77. 37,617,720 shares of the company's stock traded hands, compared to its average volume of 109,020,922. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The firm has a market capitalization of $997.74 billion, a price-to-earnings ratio of 170.20, a PEG ratio of 8.80 and a beta of 2.39. The firm's 50 day moving average is $322.07 and its 200-day moving average is $322.26.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Institutional Trading of Tesla

A number of hedge funds have recently modified their holdings of TSLA. Cherry Tree Wealth Management LLC raised its position in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares during the period. First PREMIER Bank increased its stake in 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 in the last quarter. Newton One Investments LLC increased its stake in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Tesla during the 1st quarter worth approximately $27,000. Finally, True Wealth Design LLC increased its stake in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and issued a $475.00 target price (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Truist Financial set a $280.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Piper Sandler reissued an "overweight" rating and set a $400.00 price objective on shares of Tesla in a report on Tuesday, June 10th. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Finally, William Blair downgraded shares of Tesla from an "outperform" rating to a "market perform" rating in a report on Monday. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $300.19.

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.