Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 3,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. 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 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 value 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 value of $1,137,600.00.
• On Monday, April 7th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00.
• On Thursday, March 6th, Vaibhav Taneja sold 2,672 shares of Tesla stock. The stock was sold at an average price of $268.73, for a total value of $718,046.56.
• On Monday, March 3rd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00.

Tesla Price Performance

Shares of TSLA opened at $343.82 on Wednesday. The firm has a market capitalization of $1.11 trillion, a PE ratio of 168.54, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company’s fifty day moving average price is $271.29 and its 200-day moving average price is $331.39.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research analyst reports. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a “buy” rating in a research report on Thursday, April 24th. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a research report on Tuesday, April 22nd. Barclays dropped their target price on Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Guggenheim reaffirmed a “sell” rating and set a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. Finally, Cowen raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued 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 a consensus rating of “Hold” and a consensus price target of $289.43.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently modified their holdings of TSLA. Norges Bank purchased a new stake in shares of Tesla during the 4th quarter worth about $14,420,248,000. Goldman Sachs Group Inc. raised its holdings in Tesla by 322.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares during the last quarter. Nuveen LLC acquired a new stake in Tesla in the 1st quarter valued at about $3,247,619,000. FMR LLC raised its holdings in Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Tesla by 27,378.6% during the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer’s stock worth $2,542,960,000 after buying an additional 9,776,607 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.