Tesla Inc (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $348.44, for a total transaction of $5,226,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ TSLA traded down $0.89 on Friday, reaching $350.51. The company’s stock had a trading volume of 5,095,338 shares, compared to its average volume of 8,863,253. The stock has a market cap of $58.57 billion, a P/E ratio of -30.53 and a beta of 0.48. Tesla Inc has a 52 week low of $244.59 and a 52 week high of $387.46. The company has a quick ratio of 0.37, a current ratio of 0.81 and a debt-to-equity ratio of 1.82.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.77) by $4.67. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. Research analysts anticipate that Tesla Inc will post -5.09 earnings per share for the current year.
A number of research analysts have weighed in on TSLA shares. Zacks Investment Research raised shares of Tesla from a “hold” rating to a “strong-buy” rating and set a $381.00 target price for the company in a research report on Tuesday, October 30th. Nord/LB restated a “sell” rating and set a $230.00 price objective on shares of Tesla in a report on Tuesday, September 11th. Oppenheimer restated a “buy” rating and set a $385.00 price objective on shares of Tesla in a report on Monday, October 1st. Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the stock a “neutral” rating in a report on Friday, September 28th. Finally, Macquarie initiated coverage on shares of Tesla in a report on Monday, October 8th. They set an “outperform” rating and a $430.00 price objective on the stock. Thirteen research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and a consensus price target of $318.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. State of New Jersey Common Pension Fund D bought a new stake in Tesla during the third quarter worth about $13,239,000. Royal London Asset Management Ltd. bought a new stake in Tesla during the second quarter worth about $19,278,000. AdvisorNet Financial Inc grew its stake in Tesla by 150.4% during the second quarter. AdvisorNet Financial Inc now owns 2,785 shares of the electric vehicle producer’s stock worth $955,000 after buying an additional 1,673 shares during the last quarter. Macquarie Group Ltd. grew its stake in Tesla by 10.9% during the second quarter. Macquarie Group Ltd. now owns 62,596 shares of the electric vehicle producer’s stock worth $21,467,000 after buying an additional 6,147 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Tesla by 53.1% during the second quarter. Signaturefd LLC now owns 853 shares of the electric vehicle producer’s stock worth $293,000 after buying an additional 296 shares during the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.
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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.
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