Tesla (TSLA) to Release Quarterly Earnings on Wednesday

Tesla (NASDAQ:TSLA - Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $27,120,965.53 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Tesla Stock Performance

TSLA traded down $9.43 during trading on Monday, reaching $397.15. The company's stock had a trading volume of 57,884,790 shares, compared to its average volume of 75,735,914. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The company's fifty day moving average price is $398.82 and its 200-day moving average price is $294.47. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.81, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of Tesla 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 transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 617,886 shares of company stock valued at $212,451,751. Insiders own 20.70% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent analyst reports. New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a report on Monday, January 6th. Sanford C. Bernstein reaffirmed an "underperform" rating and set a $120.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Piper Sandler raised their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on shares of Tesla from $411.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus price target of $313.84.

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.