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Tesla, Inc. (NASDAQ:TSLA) SVP Sells $3,755,500.00 in Stock

Tesla, Inc. (NASDAQ:TSLA) SVP Andrew D. Baglino sold 3,500 shares of Tesla stock in a transaction on Monday, December 27th. The stock was sold at an average price of $1,073.00, for a total transaction of $3,755,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

TSLA traded down $2.28 on Wednesday, reaching $1,086.19. 18,639,544 shares of the company's stock were exchanged, compared to its average volume of 27,500,059. The stock has a market cap of $1.09 trillion, a PE ratio of 351.52, a P/E/G ratio of 6.77 and a beta of 2.03. Tesla, Inc. has a twelve month low of $539.49 and a twelve month high of $1,243.49. The stock's fifty day moving average price is $1,061.62 and its 200-day moving average price is $835.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.10.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, October 19th. The electric vehicle producer reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.90. The firm had revenue of $13.76 billion for the quarter, compared to analyst estimates of $13.70 billion. Tesla had a net margin of 7.40% and a return on equity of 13.81%. Tesla's quarterly revenue was up 56.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 4.21 earnings per share for the current fiscal year.


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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new position in Tesla in the 3rd quarter valued at about $258,000. Ironwood Wealth Management LLC. lifted its holdings in shares of Tesla by 66.0% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 176 shares of the electric vehicle producer's stock worth $120,000 after acquiring an additional 70 shares during the last quarter. Brinker Capital Investments LLC increased its stake in Tesla by 41.6% during the 2nd quarter. Brinker Capital Investments LLC now owns 1,906 shares of the electric vehicle producer's stock worth $1,296,000 after buying an additional 560 shares during the period. WASHINGTON TRUST Co increased its stake in Tesla by 7.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 276 shares of the electric vehicle producer's stock worth $187,000 after buying an additional 20 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in Tesla by 5.2% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 5,245 shares of the electric vehicle producer's stock worth $3,565,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 39.18% of the company's stock.

TSLA has been the subject of a number of research reports. Tudor Pickering initiated coverage on shares of Tesla in a research report on Thursday, September 23rd. They set a "sell" rating and a $537.00 target price for the company. Mizuho boosted their target price on shares of Tesla from $825.00 to $950.00 and gave the company a "buy" rating in a research report on Thursday, October 21st. Guggenheim initiated coverage on shares of Tesla in a research report on Monday, December 20th. They set a "neutral" rating and a $924.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Tesla from $660.00 to $860.00 and gave the company an "equal weight" rating in a research report on Thursday, October 21st. Finally, Morgan Stanley boosted their target price on shares of Tesla from $900.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, October 25th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $822.84.

Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage.

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Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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