Tesla (NASDAQ:TSLA) CFO Sells $1,048,133.20 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $1,350,000.00.

Tesla Stock Up 4.6%

NASDAQ:TSLA opened at $399.15 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm’s 50-day moving average price is $397.84 and its 200-day moving average price is $416.08. The company has a market capitalization of $1.50 trillion, a PE ratio of 366.19, a P/E/G ratio of 15.29 and a beta of 1.80. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same period last year, the company posted $0.27 EPS. Tesla’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. UBS Group lifted their price objective on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. Mizuho reduced their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $490.00 price target on shares of Tesla in a research report on Thursday, June 4th. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $404.37.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla secured approval to expand Full Self-Driving in Belgium, adding momentum to its European autonomy rollout and supporting the long-term software revenue story.
• Positive Sentiment: Coverage of Tesla’s Austin robotaxi rollout and improving analyst views on autonomy are strengthening the bull case for future AI-driven growth.
• Positive Sentiment: SpaceX IPO excitement may be reducing some of the recent selling pressure on TSLA as investors reassess Musk-related capital rotation.
• Neutral Sentiment: Analyst commentary remains split on valuation, with bulls focused on autonomy and robotics while bears argue Tesla still looks expensive versus current earnings.
• Neutral Sentiment: Tesla CFO Vaibhav Taneja’s recent share sale was disclosed as tax withholding tied to equity awards, which is typically a routine insider transaction.
• Negative Sentiment: Some articles noted that TSLA remains volatile as traders weigh whether SpaceX hype is distracting from Tesla’s core EV business and execution.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Vanguard Group Inc. lifted its holdings in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp grew its holdings in shares of Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the period. Geode Capital Management LLC increased its position in Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after acquiring an additional 375,946 shares during the last quarter. Capital World Investors lifted its holdings in Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after acquiring an additional 2,403,019 shares during the period. Finally, Norges Bank bought a new position in Tesla in the fourth quarter valued at about $17,128,100,000. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

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.