Tesla Inc. (TSLA) Director Kimbal Musk Sells 2,190 Shares of Stock
Tesla Inc. (NASDAQ:TSLA) Director Kimbal Musk sold 2,190 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. Following the completion of the sale, the director now owns 158,584 shares of the company’s stock, valued at approximately $56,329,036.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Kimbal Musk also recently made the following trade(s):
- On Tuesday, August 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40.
- On Monday, July 3rd, Kimbal Musk sold 4,690 shares of Tesla stock. The shares were sold at an average price of $367.68, for a total transaction of $1,724,419.20.
Shares of Tesla Inc. (TSLA) traded up 1.59% during midday trading on Thursday, reaching $350.02. 2,141,468 shares of the company were exchanged. The company’s market capitalization is $58.41 billion. The stock’s 50-day moving average price is $346.35 and its 200-day moving average price is $318.80. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $386.99.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm posted ($1.06) earnings per share. The business’s revenue was up 119.6% compared to the same quarter last year. Analysts anticipate that Tesla Inc. will post ($6.26) EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. increased its stake in Tesla by 20.0% during the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after acquiring an additional 50 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Tesla by 1,213.3% during the first quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock worth $109,000 after acquiring an additional 364 shares during the last quarter. Winfield Associates Inc. increased its stake in Tesla by 85.2% during the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC bought a new stake in Tesla during the first quarter worth approximately $122,000. Finally, Acropolis Investment Management LLC bought a new stake in Tesla during the second quarter worth approximately $122,000. 56.67% of the stock is currently owned by institutional investors.
A number of research firms have commented on TSLA. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price objective for the company in a report on Tuesday, June 13th. Robert W. Baird reiterated an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a report on Tuesday, June 20th. BidaskClub downgraded shares of Tesla from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $200.00 price objective (up previously from $180.00) on shares of Tesla in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $345.00 price objective (up previously from $314.00) on shares of Tesla in a report on Wednesday, August 9th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $313.70.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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