Tesla, Inc. (NASDAQ:TSLA – Get Rating) CAO Vaibhav Taneja sold 2,466 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $195.79, for a total transaction of $482,818.14. Following the transaction, the chief accounting officer now directly owns 100,458 shares of the company’s stock, valued at $19,668,671.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tesla Stock Down 3.0 %
Shares of NASDAQ TSLA opened at $182.00 on Thursday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The firm’s 50 day moving average price is $166.67 and its 200 day moving average price is $202.54. The firm has a market cap of $575.87 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.27 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.53.
Tesla (NASDAQ:TSLA – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. The company had revenue of $24.32 billion for the quarter, compared to the consensus estimate of $24.26 billion. Tesla had a net margin of 15.41% and a return on equity of 31.71%. Tesla’s revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 3.43 earnings per share for the current year.
Hedge Funds Weigh In On Tesla
Analyst Upgrades and Downgrades
Several research firms recently issued reports on TSLA. Evercore ISI cut their price target on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesla from $250.00 to $220.00 in a report on Thursday, January 19th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Tesla in a report on Thursday, March 2nd. Robert W. Baird dropped their target price on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a report on Wednesday, December 28th. Finally, Truist Financial dropped their target price on shares of Tesla from $299.00 to $245.00 and set a “buy” rating for the company in a report on Monday, January 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $221.39.
About Tesla
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.
Featured Stories
- Get a free copy of the StockNews.com research report on Tesla (TSLA)
- META Platforms May See its Biggest Opening Yet for New Highs
- Penny Stock Vinco Ventures Could Be Big Winner
- Is Chip Design Specialist Synopsys A Gem Hiding In Plain Sight?
- Should You Park Some Capital with Casey’s General Stores?
- Crowdstrike Stock: While The Iron Is Hot!
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.
