Tesla CFO Vaibhav Taneja Sells 6,000 Shares of TSLA Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Chief Financial Officer Vaibhav Taneja recently sold 6,000 shares of the company's stock in a transaction that took place on Monday, March 3rd. The shares were sold at an average price of $296.02, culminating in a total transaction amount of $1,776,120.00. Following this sale, Taneja now directly owns 23,084 shares of Tesla, which are currently valued at approximately $6,833,325.68. This sale represents a 20.63% decrease in Taneja's overall position in the company. The transaction was officially reported in a filing made with the SEC, which can be found through their website.

Recent Trades by Vaibhav Taneja

Vaibhav Taneja has made several notable trades recently, including:

• On Monday, February 3rd, he sold 7,000 shares at an average price of $383.11 for a total of $2,681,770.00.
• On Monday, January 6th, he sold 7,000 shares at an average price of $413.56 for a total of $2,894,920.00.
• On Friday, December 6th, he sold 2,606 shares at an average price of $374.21 for a total of $975,191.26.

Tesla's Stock Performance

On Wednesday, TSLA stock increased by $7.06, reaching a price of $279.10. The trading volume reached 93,729,305 shares, considerably higher than the average volume of 81,642,086 shares. Over the past year, Tesla's stock has a low of $138.80 and a high of $488.54. Currently, the company's market capitalization stands at $897.73 billion, with a price-to-earnings (P/E) ratio of 136.81 and a P/E/G ratio of 5.86. The beta of the stock is noted at 2.34, indicating higher volatility compared to the market. Additionally, the fifty-day moving average is $374.97, while the 200-day moving average is $318.13. Tesla has a current ratio of 2.02, a quick ratio of 1.61, and a debt-to-equity ratio of 0.08.

Analyst Ratings

Tesla's stock has attracted attention from various analysts in recent research reports. Morgan Stanley has reaffirmed a "top pick" rating and set a price target of $430.00. Barclays has upgraded its price target from $270.00 to $325.00 while rating the stock as "equal weight." Royal Bank of Canada has maintained a "mixed" rating, whereas New Street Research has moved its rating from "neutral" to "buy" with a target of $460.00. Stifel Nicolaus has adjusted its price target from $492.00 to $474.00 while keeping a "buy" rating. The stock has received mixed ratings, with nine analysts recommending selling, twelve suggesting holding, fifteen advising buying, and two giving a "strong buy" recommendation. Overall, the average rating is "Hold" with a price target of $315.33.

Institutional Investors on Tesla

Several institutional investors have recently adjusted their positions in Tesla. Swedbank AB increased its holdings by 2.8%, now owning 1,098,717 shares worth $287,457,000 after buying an additional 29,669 shares. Harbor Capital Advisors Inc. has entered the Tesla market with a stake valued at around $403,000, while Donaldson Capital Management LLC has acquired a new position valued at around $233,000. Rational Advisors LLC increased its stake by 128.6%, owning 3,063 shares worth about $801,000. Institutional investors currently hold 66.20% of Tesla's stock.

About Tesla Inc.

Tesla, Inc. is a company focused on designing, developing, manufacturing, leasing, and selling electric vehicles and energy systems, both in the U.S. and internationally. They operate in two segments: Automotive, which includes electric vehicles and regulatory credits, and Energy Generation and Storage.

Tesla, CFO, Stock