Tesla (NASDAQ:TSLA) CFO Sells $1,350,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $898,875.92.

Tesla Stock Down 4.8%

Shares of Tesla stock traded down $21.06 during trading on Friday, reaching $422.24. 52,227,698 shares of the company traded hands, compared to its average volume of 61,852,692. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The company has a 50 day moving average price of $386.08 and a 200-day moving average price of $418.25. The firm has a market capitalization of $1.59 trillion, a PE ratio of 387.38, a P/E/G ratio of 17.48 and a beta of 1.79.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the company earned $0.27 EPS. Tesla’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSLA. Canaccord Genuity Group boosted their target price on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Robert W. Baird decreased their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. Finally, TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Tesla in a research note on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $395.20.

Key Stories 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 Trading of Tesla

Several institutional investors have recently made changes to their positions in TSLA. Vanguard Group Inc. grew its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp grew its position in Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after buying an additional 1,080,085 shares during the period. Geode Capital Management LLC grew its position in Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after buying an additional 375,946 shares during the period. Capital World Investors grew its position in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after buying an additional 2,403,019 shares during the period. Finally, Norges Bank bought a new position in Tesla during the fourth quarter valued at about $17,128,100,000. Institutional investors own 66.20% of the company’s stock.

About Tesla

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.