Insider Selling: Tesla, Inc. (NASDAQ:TSLA) CFO Sells 7,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 11th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were 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 stock was 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 shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00.
• On Monday, September 23rd, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00.

Tesla Trading Up 1.9 %

NASDAQ TSLA traded up $6.51 during mid-day trading on Wednesday, reaching $357.93. 50,235,020 shares of the stock were exchanged, compared to its average volume of 94,815,320. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $361.93. The business's fifty day simple moving average is $280.65 and its 200 day simple moving average is $235.96. The stock has a market capitalization of $1.15 trillion, a PE ratio of 98.06, a PEG ratio of 11.60 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.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. Canaccord Genuity Group raised their price objective on Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Sanford C. Bernstein restated an "underperform" rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price objective on Tesla from $287.00 to $411.00 and gave the stock a "buy" rating in a research report on Monday. Guggenheim upped their price objective on Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a research note on Thursday, October 24th. Finally, UBS Group upped their price objective on Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a report on Monday, November 25th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $243.75.

Hedge Funds Weigh In On Tesla

Several large investors have recently bought and sold shares of the stock. Connable Office Inc. boosted its position in shares of Tesla by 0.3% during the 3rd quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock valued at $3,368,000 after acquiring an additional 38 shares during the last quarter. Community Bank N.A. raised its stake in shares of Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock worth $238,000 after buying an additional 38 shares during the period. Holistic Financial Partners raised its stake in Tesla by 1.0% during the 3rd quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock valued at $1,061,000 after purchasing an additional 40 shares during the period. Integris Wealth Management LLC boosted its holdings in shares of Tesla by 1.0% in the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock worth $804,000 after purchasing an additional 42 shares during the period. Finally, Sherrill & Hutchins Financial Advisory Inc boosted its holdings in Tesla by 1.4% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock valued at $800,000 after acquiring an additional 43 shares during the period. 66.20% of the stock is currently owned by 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.

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