Tesla, Inc. (NASDAQ:TSLA) SVP Sells $643,075.00 in Stock

Tesla, Inc. (NASDAQ:TSLA) SVP Xiaotong Zhu sold 2,500 shares of Tesla stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the sale, the senior vice president now owns 57,972 shares in the company, valued at $14,912,137.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Xiaotong Zhu also recently made the following trade(s):

• On Wednesday, September 6th, Xiaotong Zhu sold 1,065 shares of Tesla stock. The stock was sold at an average price of $249.62, for a total value of $265,845.30.
• On Tuesday, August 1st, Xiaotong Zhu sold 2,500 shares of Tesla stock. The shares were sold at an average price of $266.34, for a total value of $665,850.00.
• On Monday, July 3rd, Xiaotong Zhu sold 2,500 shares of Tesla stock. The shares were sold at an average price of $276.35, for a total value of $690,875.00.
• On Wednesday, June 14th, Xiaotong Zhu sold 2,500 shares of Tesla stock. The shares were sold at an average price of $260.00, for a total value of $650,000.00.

Tesla Stock Performance

NASDAQ TSLA opened at $251.49 on Friday. The firm has a market cap of $798.23 billion, a price-to-earnings ratio of 71.24, a price-to-earnings-growth ratio of 3.97 and a beta of 2.09. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $256.71 and a 200-day moving average price of $217.81. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $313.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The company had revenue of $24.93 billion during the quarter, compared to analyst estimates of $24.22 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 47.2% on a year-over-year basis. As a group, equities research analysts predict that Tesla, Inc. will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Norges Bank bought a new position in Tesla during the fourth quarter valued at approximately $3,459,540,000. Moneta Group Investment Advisors LLC raised its position in Tesla by 180,125.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after purchasing an additional 26,836,879 shares during the period. Bank of New York Mellon Corp raised its position in Tesla by 203.9% during the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock valued at $5,360,358,000 after purchasing an additional 13,558,882 shares during the period. Price T Rowe Associates Inc. MD raised its position in Tesla by 52.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,224,189 shares of the electric vehicle producer’s stock valued at $5,440,471,000 after purchasing an additional 9,034,938 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in Tesla by 98,265.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,971,790 shares of the electric vehicle producer’s stock valued at $1,563,235,000 after purchasing an additional 5,965,719 shares during the period. 41.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSLA. Truist Financial lifted their price objective on Tesla from $240.00 to $254.00 and gave the company a “hold” rating in a research note on Thursday, July 20th. Citigroup lifted their price objective on Tesla from $215.00 to $278.00 and gave the company a “neutral” rating in a research note on Wednesday, July 12th. Wells Fargo & Company lifted their price objective on Tesla from $170.00 to $265.00 and gave the company an “equal weight” rating in a research note on Monday, July 17th. Robert W. Baird lifted their price objective on Tesla from $252.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Finally, Canaccord Genuity Group lifted their price objective on Tesla from $257.00 to $293.00 and gave the company a “buy” rating in a research note on Monday, July 3rd. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $233.77.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services.