Vaibhav Taneja Sells 4,000 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, October 24th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was 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 stock was sold at an average price of $250.00, for a total value of $2,000,000.00.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $251.44 on Wednesday. The company’s fifty day moving average price is $235.57 and its 200-day moving average price is $212.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The firm has a market capitalization of $807.14 billion, a price-to-earnings ratio of 68.89, a PEG ratio of 8.21 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $273.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Tesla

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Tesla by 19.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 24,440 shares of the electric vehicle producer’s stock worth $6,394,000 after acquiring an additional 3,909 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Tesla by 30.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 46,755 shares of the electric vehicle producer’s stock worth $12,233,000 after purchasing an additional 10,898 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Tesla by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer’s stock worth $37,801,000 after purchasing an additional 1,741 shares during the last quarter. Angeles Investment Advisors LLC boosted its position in Tesla by 1.8% during the third quarter. Angeles Investment Advisors LLC now owns 3,021 shares of the electric vehicle producer’s stock valued at $790,000 after buying an additional 53 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Tesla by 10.3% in the third quarter. Cornerstone Planning Group LLC now owns 2,317 shares of the electric vehicle producer’s stock worth $601,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TSLA shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $295.00 target price on shares of Tesla in a research note on Tuesday, September 10th. Barclays increased their price objective on shares of Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Truist Financial increased their price target on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, Phillip Securities upgraded Tesla to a “moderate sell” rating in a research note on Friday, October 25th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $219.45.

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.