Tesla (NASDAQ:TSLA) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Tesla stock on November 1st.

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

• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Digital Realty Trust NYSE: DLR on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Corning NYSE: GLW on 11/1/2024.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 10/21/2024.

Tesla Stock Up 14.8 %

NASDAQ TSLA traded up $37.09 during mid-day trading on Wednesday, hitting $288.53. The company's stock had a trading volume of 164,850,471 shares, compared to its average volume of 94,268,797. The firm has a market capitalization of $926.20 billion, a price-to-earnings ratio of 76.99, a PEG ratio of 8.01 and a beta of 2.29. The company's 50 day simple moving average is $235.57 and its 200 day simple moving average is $212.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $289.59.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current year.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently modified their holdings of the business. Connable Office Inc. increased its stake in Tesla by 0.3% in the third 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. Integris Wealth Management LLC increased its position in shares of Tesla by 1.0% during the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock valued at $804,000 after purchasing an additional 42 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc raised its holdings in shares of 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 buying an additional 43 shares in the last quarter. Echo Wealth Management LLC lifted its position in Tesla by 0.7% in the 2nd quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer's stock worth $1,281,000 after buying an additional 44 shares during the last quarter. Finally, Essex Savings Bank boosted its stake in Tesla by 1.4% in the third quarter. Essex Savings Bank now owns 3,128 shares of the electric vehicle producer's stock worth $818,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction on Friday, September 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction that occurred on 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 owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,797 shares of company stock worth $19,211,821 over the last ninety days. Insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TSLA. Piper Sandler lifted their price objective on shares of Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Mizuho boosted their price target on shares of Tesla from $180.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Robert W. Baird reiterated an "outperform" rating and issued a $280.00 price objective on shares of Tesla in a research note on Tuesday, August 20th. Royal Bank of Canada boosted their target price on Tesla from $236.00 to $249.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $219.45.

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.