Tesla, Inc. (NASDAQ:TSLA) CFO Sells $1,400,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Vaibhav Taneja also recently made the following trade(s):

• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The stock was sold at an average price of $300.37, for a total value of $2,402,960.00.
• On Friday, November 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00.
• On Thursday, October 24th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00.
• On Monday, September 23rd, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00.

Tesla Price Performance

Shares of TSLA stock opened at $311.18 on Friday. The company’s 50-day simple moving average is $248.48 and its two-hundred day simple moving average is $218.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $358.64. The company has a market capitalization of $998.91 billion, a P/E ratio of 85.25, a P/E/G ratio of 10.67 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $25.47 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wolfe Research started coverage on Tesla in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group boosted their price target on Tesla from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Guggenheim increased their price objective on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $228.24.

Institutional Investors Weigh In On Tesla

Institutional investors have recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its position in Tesla by 0.9% during the 1st 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. Entropy Technologies LP purchased a new stake in shares of Tesla during the 1st quarter worth about $1,941,000. Dearborn Partners LLC grew its position in shares of Tesla by 13.2% during the 1st quarter. Dearborn Partners LLC now owns 2,817 shares of the electric vehicle producer’s stock valued at $495,000 after acquiring an additional 328 shares during the period. Charles Schwab Investment Advisory Inc. increased its stake in shares of Tesla by 25.7% in the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 5,431 shares of the electric vehicle producer’s stock valued at $955,000 after purchasing an additional 1,112 shares in the last quarter. Finally, TBH Global Asset Management LLC raised its holdings in Tesla by 44.9% in the 1st quarter. TBH Global Asset Management LLC now owns 4,235 shares of the electric vehicle producer’s stock worth $744,000 after purchasing an additional 1,313 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.