Tesla (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 2,264 Shares

Tesla, Inc. (NASDAQ:TSLAGet Free Report) CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $398.68 on Tuesday. The company has a market cap of $1.50 trillion, a PE ratio of 369.15, a P/E/G ratio of 11.73 and a beta of 1.89. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The firm has a 50-day simple moving average of $423.95 and a 200 day simple moving average of $424.57. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. Tesla’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth $26,000. Davidson Capital Management Inc. lifted its holdings in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Manning & Napier Advisors LLC bought a new position in Tesla during the third quarter valued at about $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla during the second quarter worth about $30,000. Institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, January 27th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Tuesday, February 24th. Tigress Financial began coverage on shares of Tesla in a research report on Thursday, February 12th. They issued a “buy” rating and a $550.00 target price for the company. Finally, Benchmark restated a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $406.84.

View Our Latest Stock Report on Tesla

About Tesla

(Get Free Report)

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.

Recommended Stories

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

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