Tesla (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 2,637 Shares

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tesla Trading Up 1.3%

NASDAQ TSLA opened at $445.18 on Wednesday. The company has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 296.79, a price-to-earnings-growth ratio of 14.85 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company’s fifty day moving average price is $434.87 and its two-hundred day moving average price is $374.32.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Dbs Bank raised shares of Tesla to a “hold” rating in a report on Wednesday, November 5th. New Street Research lifted their price target on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Melius Research set a $520.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $399.33.

Institutional Investors Weigh In On Tesla

Several large investors have recently made changes to their positions in TSLA. Turning Point Benefit Group Inc. bought a new stake in Tesla during the 3rd quarter valued at $30,000. Manning & Napier Advisors LLC acquired a new position in shares of Tesla during the third quarter valued at $29,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla during the third quarter valued at $31,000. Westend Capital Management LLC bought a new stake in shares of Tesla during the third quarter valued at about $32,000. Finally, Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter worth about $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

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.