Sen. Sheldon Whitehouse Unloads Shares of Tesla, Inc. (NASDAQ:TSLA)

Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on November 07th, the Senator disclosed that they had sold between $15,001 and $50,000 in Tesla stock on October 11th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 10/30/2024.
• Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Mastercard NYSE: MA on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Verizon Communications NYSE: VZ on 10/29/2024.
• Sold $100,001 - $250,000 in shares of Tesla NASDAQ: TSLA on 10/28/2024.
• Sold $15,001 - $50,000 in shares of Tesla NASDAQ: TSLA on 10/28/2024.
• Sold $1,001 - $15,000 in shares of Celsius NASDAQ: CELH on 10/8/2024.
• Purchased $1,001 - $15,000 in shares of Coca-Cola NYSE: KO on 10/8/2024.

Tesla Trading Up 8.2 %

Shares of NASDAQ TSLA traded up $24.31 during trading on Friday, hitting $321.22. 203,607,151 shares of the company traded hands, compared to its average volume of 94,883,055. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 86.17, a P/E/G ratio of 9.51 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $237.23 and a 200-day moving average price of $213.07. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $328.71.

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

Analyst Ratings Changes

Several equities analysts recently commented on TSLA shares. Argus reissued a "buy" rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Tesla from $165.00 to $195.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Finally, Barclays lifted their target price on Tesla from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average target price of $222.03.

Institutional Investors Weigh In On Tesla

Hedge funds have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. lifted its holdings in Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer's stock worth $6,399,000 after purchasing an additional 331 shares during the period. Empirical Finance LLC increased its stake in shares of Tesla by 4.5% during the first quarter. Empirical Finance LLC now owns 78,230 shares of the electric vehicle producer's stock valued at $13,752,000 after acquiring an additional 3,395 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Tesla by 23.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 75,851 shares of the electric vehicle producer's stock worth $13,334,000 after purchasing an additional 14,191 shares in the last quarter. Motive Wealth Advisors lifted its position in Tesla by 174.1% in the first quarter. Motive Wealth Advisors now owns 3,843 shares of the electric vehicle producer's stock worth $676,000 after purchasing an additional 2,441 shares during the period. Finally, AIA Group Ltd increased its position in shares of Tesla by 3.4% during the 1st quarter. AIA Group Ltd now owns 74,754 shares of the electric vehicle producer's stock valued at $13,141,000 after purchasing an additional 2,484 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,797 shares of company stock valued at $19,211,821. Corporate insiders own 20.70% of the company's stock.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Whitehouse (Democratic Party) is running for re-election to the U.S. Senate to represent Rhode Island. He declared candidacy for the 2024 election. Whitehouse previously served as the Rhode Island attorney general from 1999 to 2003. Before that, he was a United States attorney from 1994 to 1998. He was nominated to the position by President Bill Clinton (D). Whitehouse was a superdelegate to the 2016 Democratic National Convention from Rhode Island. He cast his vote for Hillary Clinton. As of a 2014 analysis of multiple outside rankings, Whitehouse is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills.

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.