Tesla, Inc. (NASDAQ:TSLA) CFO Sells $2,894,920.00 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, December 6th, Vaibhav Taneja sold 2,606 shares of Tesla stock. The stock was sold at an average price of $374.21, for a total value of $975,191.26.
• On Monday, December 2nd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $354.43, for a total transaction 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 transaction of $1,400,000.00.
• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The stock was 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 shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00.
• On Thursday, October 24th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00.

Tesla Trading Up 0.1 %

NASDAQ:TSLA traded up $0.58 during mid-day trading on Wednesday, hitting $394.94. 72,821,968 shares of the stock traded hands, compared to its average volume of 87,822,344. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.20, a PEG ratio of 10.80 and a beta of 2.30. The firm’s 50 day moving average is $370.78 and its two-hundred day moving average is $278.31.

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

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in 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 worth $2,892,160,000 after acquiring an additional 11,023,436 shares in the last quarter. Clean Energy Transition LLP raised its stake in Tesla by 347.7% in the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer’s stock worth $953,505,000 after buying an additional 6,764,300 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tesla by 13.7% during 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 valued at $6,377,970,000 after acquiring an additional 2,946,763 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Tesla by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer’s stock valued at $1,921,548,000 after acquiring an additional 2,511,488 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Tesla by 236.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer’s stock worth $416,341,000 after purchasing an additional 1,479,378 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent research reports. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Barclays lifted their price target on shares of Tesla from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Stifel Nicolaus upped their price objective on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein reiterated an “underperform” rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $295.69.

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.