Tesla (NASDAQ:TSLA) Issues Earnings Results

Tesla (NASDAQ:TSLA - Get Free Report) posted its quarterly earnings data on Wednesday. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14, Briefing.com reports. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the company earned $0.53 EPS. The company's revenue was up 7.8% on a year-over-year basis.

Tesla Trading Up 21.9 %

Shares of NASDAQ:TSLA traded up $46.83 during midday trading on Thursday, reaching $260.48. The company's stock had a trading volume of 203,681,145 shares, compared to its average volume of 94,351,078. The firm has a market capitalization of $832.14 billion, a price-to-earnings ratio of 73.17, a PEG ratio of 6.24 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The firm has a 50 day moving average price of $228.54 and a two-hundred day moving average price of $206.41. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $271.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TSLA shares. Argus restated a "buy" rating and set a $286.00 price objective on shares of Tesla in a research note on Friday, July 26th. KGI Securities upgraded Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective on the stock in a research note on Thursday. Guggenheim lifted their price target on Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a research note on Thursday. Sanford C. Bernstein reiterated an "underperform" rating and issued a $120.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Finally, Glj Research reiterated a "sell" rating and issued a $24.86 price target on shares of Tesla in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $218.18.

Insider Activity

In other news, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company's stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.70% of the stock is owned by company insiders.

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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