Tesla, Inc. (NASDAQ:TSLA) CFO Sells $600,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer owned 5,924 shares in the company, valued at $1,777,200. This represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $292.89, for a total value of $1,171,560.00.
• On Monday, June 9th, Vaibhav Taneja sold 2,564 shares of Tesla stock. The shares were sold at an average price of $285.71, for a total value 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 value of $350,000.00.
• On Monday, June 2nd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The shares were 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 shares were sold at an average price of $350.11, for a total value of $1,050,330.00.
• On Friday, May 9th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were 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.

Tesla Stock Performance

Shares of TSLA traded down $1.93 during trading hours on Wednesday, hitting $295.88. The company's stock had a trading volume of 75,143,508 shares, compared to its average volume of 100,488,192. The company has a market cap of $953.02 billion, a price-to-earnings ratio of 162.57, a PEG ratio of 8.86 and a beta of 2.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The business has a 50 day simple moving average of $321.21 and a two-hundred day simple moving average of $323.29. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly 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). The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Institutional Trading of Tesla

A number of large investors have recently modified their holdings of the business. Sivia Capital Partners LLC increased its position in shares of Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock worth $3,855,000 after purchasing an additional 1,011 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Tesla by 1.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 88,427 shares of the electric vehicle producer's stock worth $28,090,000 after buying an additional 980 shares during the last quarter. OLIO Financial Planning purchased a new stake in shares of Tesla during the 2nd quarter valued at $213,000. Lineweaver Wealth Advisors LLC grew its position in Tesla by 9.9% in the second quarter. Lineweaver Wealth Advisors LLC now owns 15,034 shares of the electric vehicle producer's stock worth $4,776,000 after acquiring an additional 1,351 shares in the last quarter. Finally, DLK Investment Management LLC increased its stake in Tesla by 5.8% in the second quarter. DLK Investment Management LLC now owns 18,254 shares of the electric vehicle producer's stock valued at $5,799,000 after acquiring an additional 1,003 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group set a $290.00 price target on Tesla in a research note on Monday, June 30th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Piper Sandler restated an "overweight" rating and set a $400.00 target price on shares of Tesla in a report on Tuesday, June 10th. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $301.13.

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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