Vaibhav Taneja Sells 2,000 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,777,200. The trade was a 25.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 shares were 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 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 shares were sold at an average price of $284.40, for a total transaction of $1,137,600.00.

Tesla Price Performance

TSLA stock traded up $3.64 during mid-day trading on Friday, hitting $313.51. The stock had a trading volume of 78,861,329 shares, compared to its average volume of 99,821,912. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 172.26, a P/E/G ratio of 9.22 and a beta of 2.39. The firm has a fifty day simple moving average of $322.60 and a 200 day simple moving average of $321.24.

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 the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period last year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Tesla

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tesla by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after acquiring an additional 1,655,203 shares during the last quarter. Norges Bank bought a new stake in Tesla during the 4th quarter worth approximately $14,420,248,000. FMR LLC grew its holdings in Tesla by 40.1% during the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Tesla by 21.6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after acquiring an additional 5,075,418 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSLA shares. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. UBS Group set a $290.00 target price on shares of Tesla in a research note on Monday, June 30th. Guggenheim restated a "sell" rating and set a $175.00 target price on shares of Tesla in a research note on Tuesday. Royal Bank Of Canada cut their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the stock a "buy" rating in a research note on Thursday, April 24th. Ten analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.