Domestic Sales: Tesla, Inc. (NASDAQ:TSLA) CFO sells 8,000 shares

Tesla, Inc. (NASDAQ:TSLA – Get Your 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 via this link.

Tesla stock performance

Shares of TSLA traded up $2.75 during mid-day trading on Wednesday, hitting $257.02. 64,862,622 shares of the company 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 cap 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 Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle maker reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company 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 rose 2.3% year-over-year. During the same period in the previous year, the firm earned $0.78 EPS. On average, research analysts estimate that Tesla, Inc. will post 1.75 EPS for the current year.

Institutional inputs and outputs

Several hedge funds have recently bought and sold shares of TSLA. Clean Energy Transition LLP boosted its holdings in Tesla by 347.7% in the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle maker’s stock worth $953,505,000 after purchasing an additional 6,764,300 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Tesla by 21,816.0% in the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle maker’s stock worth $1,167,970,000 after buying an additional 5,875,484 shares during the period. Vanguard Group Inc. boosted its holdings in Tesla by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle maker’s stock worth $57,102,287,000 after buying an additional 3,866,361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Tesla by 236.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle maker’s stock worth $416,341,000 after buying an additional 1,479,378 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Tesla by 12.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle maker’s stock valued at $1,731,430,000 after buying an additional 1,125,329 shares in the last quarter. Institutional investors own 66.20% of the company’s shares.

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 started coverage on shares of Tesla in a report on Thursday, August 29th. They set an “outperform” rating on 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 started 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. The company has an average rating of “Hold” and a consensus price target of $209.90, according to MarketBeat.com.

See the latest stock analysis on TSLA

About Tesla

(Get a free report)

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 Power Generation and Storage. The Auto segment offers electric vehicles as well as sells auto regulatory credits; and non-warranty aftermarket vehicles, used vehicles, body and parts, supercharging, retail merchandise and vehicle insurance services.

Further reading

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