Tesla (NASDAQ:TSLA) Director Sells $10,692,774.36 in Stock

Tesla, Inc. (NASDAQ:TSLAGet Free Report) Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the completion of the transaction, the director owned 19,669 shares of the company’s stock, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tesla Trading Down 1.5%

TSLA opened at $402.51 on Monday. The firm’s 50 day moving average is $433.46 and its 200-day moving average is $421.56. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 372.69, a P/E/G ratio of 14.33 and a beta of 1.89.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the business earned $0.73 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. Tigress Financial began coverage on Tesla in a report on Thursday, February 12th. They set a “buy” rating and a $550.00 price objective on the stock. Truist Financial dropped their price target on shares of Tesla from $439.00 to $438.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Barclays reissued a “neutral” rating on shares of Tesla in a report on Wednesday, February 18th. Finally, UBS Group upped their target price on shares of Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research note on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $408.09.

View Our Latest Stock Report on TSLA

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently modified their holdings of TSLA. Norges Bank acquired a new position in Tesla during the 4th quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC boosted its holdings in shares of Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Bank of America Corp DE grew its position in shares of Tesla by 56.0% during the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. increased its holdings in shares of Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after acquiring an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. lifted its position in Tesla by 2.6% in 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 purchasing an additional 6,538,720 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

About Tesla

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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.

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