Tesla Motors Inc. (TSLA) Insider Jeffrey B. Straubel Sells 33,430 Shares of Stock
Tesla Motors Inc. (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 33,430 shares of Tesla Motors stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $190.82, for a total value of $6,379,112.60. Following the transaction, the insider now directly owns 359,655 shares of the company’s stock, valued at $68,629,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tesla Motors Inc. (NASDAQ:TSLA) opened at 196.65 on Friday. Tesla Motors Inc. has a 12-month low of $141.05 and a 12-month high of $269.34. The stock’s 50 day moving average price is $194.23 and its 200 day moving average price is $210.26. The company’s market capitalization is $29.48 billion.
Tesla Motors (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $1.25. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The business’s quarterly revenue was up 145.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.58) earnings per share. On average, equities research analysts anticipate that Tesla Motors Inc. will post ($2.04) earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Robert W. Baird set a $338.00 price objective on Tesla Motors and gave the stock a “buy” rating in a report on Wednesday, September 28th. Mizuho reaffirmed a “positive” rating on shares of Tesla Motors in a report on Thursday, October 20th. Citigroup Inc. reissued an “underweight” rating on shares of Tesla Motors in a research report on Friday, October 21st. Dougherty & Co reissued a “buy” rating and set a $500.00 price target on shares of Tesla Motors in a research report on Thursday, October 27th. Finally, Pacific Crest reissued a “hold” rating on shares of Tesla Motors in a research report on Thursday, October 27th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. Tesla Motors presently has an average rating of “Hold” and a consensus target price of $243.38.
A number of institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in shares of Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock valued at $2,773,818,000 after buying an additional 1,137,759 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock valued at $1,038,976,000 after buying an additional 578,459 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Tesla Motors by 578.7% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 281,004 shares of the electric vehicle producer’s stock valued at $57,333,000 after buying an additional 239,600 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Tesla Motors by 224.0% in the second quarter. State Treasurer State of Michigan now owns 339,623 shares of the electric vehicle producer’s stock valued at $72,095,000 after buying an additional 234,802 shares in the last quarter. Finally, Blue Ridge Capital L.L.C. acquired a new stake in shares of Tesla Motors during the second quarter valued at about $40,596,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.
About Tesla Motors
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
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