Vaibhav Taneja Sells 2,606 Shares of Tesla (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, May 13th, Vaibhav Taneja sold 3,000 shares of Tesla stock. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00.

Tesla Stock Performance

Shares of TSLA traded down $12.27 during trading hours on Tuesday, reaching $396.68. 59,767,081 shares of the company’s stock traded hands, compared to its average volume of 60,228,156. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 363.93, a P/E/G ratio of 15.44 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a twelve month low of $288.77 and a twelve month high of $498.83. The business’s fifty day simple moving average is $396.07 and its two-hundred day simple moving average is $416.17.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan sharply raised its Tesla price target from $145 to $475 and upgraded the stock, arguing Tesla should be valued as more than just an automaker because of its opportunities in autonomy, robotics, energy storage, and infrastructure licensing. Article Title
• Positive Sentiment: Reuters reports Tesla is rolling out unsupervised robotaxis in the Austin metro area, reinforcing the company’s autonomous-driving narrative and its potential to generate future software and ride-hailing revenue. Article Title
• Positive Sentiment: Tesla received encouraging FSD safety feedback in the Netherlands, with reports pointing to materially fewer crashes and a possible boost to European rollout plans. Article Title
• Positive Sentiment: Coverage around Elon Musk’s plans for chips, Terafab, and a SpaceX-Tesla orbiting data center has kept Tesla tied to the AI buildout theme, which some investors see as a major future growth catalyst. Article Title
• Neutral Sentiment: Wall Street speculation about a possible SpaceX IPO and even a future merger with Tesla is adding volatility, but the impact is still highly uncertain and mostly narrative-driven for now. Article Title
• Neutral Sentiment: Reports that General Motors plans to sell energy-storage batteries echo Tesla’s own energy business, underscoring competition in a market Tesla has been trying to expand, but the near-term stock impact is unclear. Article Title
• Negative Sentiment: Tesla shares have also been weighed by heavy selling pressure and broader weakness in tech and semiconductor stocks, which has overshadowed some of the company-specific bullish news. Article Title
• Negative Sentiment: Some analysts still argue Tesla remains expensive versus current earnings, so valuation risk continues to cap enthusiasm despite the long-term growth story. Article Title

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently modified their holdings of the stock. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSLA shares. Truist Financial lowered their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. BTIG Research lowered shares of Tesla to a “neutral” rating in a research note on Friday. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday. BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a research report on Friday. Finally, UBS Group raised their price objective on Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Twenty-two research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $404.37.

About Tesla

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.