Tesla, Inc. (NASDAQ:TSLA – Get Free Report) CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Tesla Stock Performance
Shares of TSLA stock traded up $2.75 during mid-day trading on Wednesday, reaching $257.02. 64,862,622 shares of the company’s stock traded hands, compared to its average volume of 96,098,555. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The firm has a 50 day moving average price of $221.20 and a two-hundred day moving average price of $197.14. 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 market capitalization of $821.09 billion, a PE ratio of 65.57, a price-to-earnings-growth ratio of 6.80 and a beta of 2.29.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. On average, research analysts forecast that Tesla, Inc. will post 1.75 EPS for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several analysts have weighed in on TSLA shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. William Blair began coverage on shares of Tesla in a report on Thursday, August 29th. They set an “outperform” rating for the company. Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a report on Wednesday, July 24th. KGI Securities reiterated a “neutral” rating and set a $236.00 target price on shares of Tesla in a report on Thursday, July 25th. Finally, Wolfe Research began coverage on shares of Tesla in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.90.
View Our Latest Stock Analysis on TSLA
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.
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