Key Points
- Tesla CFO Vaibhav Taneja sold 3,000 shares on May 13 at an average price of $450, totaling about $1.35 million. The sale was disclosed in an SEC filing and was tied to tax withholding obligations related to vested equity awards.
- Taneja has been selling shares recently, including a March 6 sale of 2,264 shares at an average price of $397.03. After the latest transaction, he still held 18,106 shares valued at roughly $8.15 million.
- Tesla’s recent news flow is mixed: positives include a planned $250 million investment in its Berlin Gigafactory and continued investor demand, while negatives include robotaxi safety concerns, muted China-related progress, and a critical Australian class-action ruling.
Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Friday, March 6th, Vaibhav Taneja sold 2,264 shares of Tesla stock. The shares were sold at an average price of $397.03, for a total value of $898,875.92.
Tesla Price Performance
Shares of NASDAQ:TSLA opened at $422.24 on Friday. The business's fifty day moving average price is $386.41 and its two-hundred day moving average price is $418.28. The stock has a market cap of $1.59 trillion, a PE ratio of 387.38, a price-to-earnings-growth ratio of 17.48 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion for the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business's revenue was up 15.8% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
- Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
- Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
- Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
- Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
- Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for 'gobsmacking' slow progress in class action lawsuit
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in Tesla in the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. raised its position in 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 purchasing an additional 27 shares during the period. Friedenthal Financial raised its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in Tesla in the third quarter valued at about $29,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TSLA shares. Cantor Fitzgerald restated an "overweight" rating and set a $510.00 price objective on shares of Tesla in a report on Wednesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a report on Thursday, April 23rd. HSBC started coverage on Tesla in a report on Monday, April 27th. They set a "buy" rating on the stock. Roth Mkm restated a "buy" rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an "equal weight" rating in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $395.20.
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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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