Tesla, Inc. (NASDAQ:TSLA) CFO Sells $975,191.26 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 2nd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00.
• On Monday, November 11th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00.
• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $300.37, for a total transaction of $2,402,960.00.
• On Friday, November 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00.
• On Thursday, October 24th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00.
• On Monday, September 23rd, Vaibhav Taneja sold 8,000 shares of Tesla stock. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00.

Tesla Price Performance

NASDAQ TSLA traded up $0.57 during trading hours on Monday, hitting $389.79. The company had a trading volume of 95,867,016 shares, compared to its average volume of 94,709,227. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $404.80. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 106.79, a PEG ratio of 12.64 and a beta of 2.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a 50 day simple moving average of $288.09 and a 200 day simple moving average of $240.67.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer’s stock valued at $2,892,160,000 after acquiring an additional 11,023,436 shares during the last quarter. Clean Energy Transition LLP lifted its position in Tesla by 347.7% during the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer’s stock valued at $953,505,000 after purchasing an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Tesla by 21,816.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer’s stock worth $1,167,970,000 after buying an additional 5,875,484 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer’s stock worth $6,377,970,000 after buying an additional 2,946,763 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Tesla by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer’s stock worth $1,921,548,000 after acquiring an additional 2,511,488 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Guggenheim raised their price target on shares of Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a report on Thursday. Wolfe Research initiated coverage on shares of Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Finally, Wedbush reissued an “outperform” rating and issued a $400.00 price objective on shares of Tesla in a research report on Monday, November 18th. Nine equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $248.12.

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.