Rep. Marjorie Taylor Greene Buys Tesla, Inc. (NASDAQ:TSLA) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Tesla stock on October 21st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Nestlé OTCMKTS: NSRGY on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 10/21/2024.
• Purchased $1,001 - $15,000 in shares of Costco Wholesale NASDAQ: COST on 10/4/2024.

Tesla Price Performance

NASDAQ TSLA traded down $4.32 during trading hours on Wednesday, reaching $213.65. The company's stock had a trading volume of 71,290,672 shares, compared to its average volume of 93,775,086. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00. The firm's 50-day moving average price is $228.30 and its 200-day moving average price is $206.36. The company has a market capitalization of $681.37 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 6.31 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analysts' expectations of $24.38 billion. During the same period last year, the business posted $0.78 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,661 shares of company stock worth $16,663,291 over the last 90 days. 25.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSLA shares. Jefferies Financial Group increased their price target on Tesla from $165.00 to $195.00 and gave the stock a "hold" rating in a report on Monday. UBS Group cut shares of Tesla from a "neutral" rating to a "sell" rating and upped their price target for the stock from $147.00 to $197.00 in a report on Friday, July 12th. TD Cowen boosted their price objective on shares of Tesla from $160.00 to $180.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Barclays lowered their price target on Tesla from $225.00 to $220.00 and set an "equal weight" rating for the company in a report on Thursday, July 25th. Finally, Sanford C. Bernstein reaffirmed an "underperform" rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $211.63.

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently added to or reduced their stakes in the business. Bank & Trust Co acquired a new stake in shares of Tesla in the 2nd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla during the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC boosted its position in shares of Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Clean Yield Group increased its holdings in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Finally, M&R Capital Management Inc. raised its position in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Tesla

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.