Tesla Inc. (NASDAQ:TSLA) Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total value of $723,335.10. Following the transaction, the director now directly owns 154,419 shares in the company, valued at $51,003,051.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kimbal Musk also recently made the following trade(s):

  • On Monday, October 2nd, Kimbal Musk sold 2,190 shares of Tesla stock. The stock was sold at an average price of $341.69, for a total value of $748,301.10.
  • On Friday, September 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The stock was sold at an average price of $355.20, for a total value of $777,888.00.

Shares of Tesla Inc. (NASDAQ TSLA) traded down $32.27 on Friday, hitting $299.26. The stock had a trading volume of 19,731,322 shares, compared to its average volume of 6,175,498.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.80% and a negative net margin of 13.09%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. equities analysts expect that Tesla Inc. will post -9.53 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Tesla Inc. (TSLA) Director Sells 2,190 Shares of Stock” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/03/insider-selling-tesla-inc-tsla-director-sells-2190-shares-of-stock.html.

A number of equities analysts have recently weighed in on TSLA shares. Cowen and Company reaffirmed an “underperform” rating and set a $155.00 target price on shares of Tesla in a research report on Thursday, July 6th. Vetr raised Tesla from a “buy” rating to a “strong-buy” rating and set a $361.76 price target for the company in a research report on Monday, July 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $314.00 price target on shares of Tesla in a research report on Wednesday, July 12th. Citigroup Inc. started coverage on Tesla in a research report on Thursday, July 20th. They issued a “neutral” rating and a $357.00 price target for the company. Finally, UBS AG reissued a “sell” rating and issued a $185.00 price target on shares of Tesla in a research report on Wednesday, July 26th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and a consensus price target of $331.40.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. raised its holdings in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares in the last quarter. Winfield Associates Inc. raised its holdings in shares of Tesla by 85.2% during the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares in the last quarter. Acropolis Investment Management LLC purchased a new position in shares of Tesla during the 2nd quarter valued at about $122,000. North Star Investment Management Corp. raised its holdings in shares of Tesla by 2.8% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in shares of Tesla by 8.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after buying an additional 28 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.