Tesla Inc. (NASDAQ:TSLA) Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total transaction of $748,301.10. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kimbal Musk also recently made the following trade(s):

  • On Friday, September 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The stock was sold at an average price of $355.20, for a total transaction of $777,888.00.
  • On Tuesday, August 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40.

Tesla Inc. (TSLA) traded up 1.97% during midday trading on Wednesday, reaching $355.01. 8,163,543 shares of the company were exchanged. The stock’s market capitalization is $59.25 billion. The firm’s 50-day moving average price is $354.26 and its 200 day moving average price is $333.21. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm earned ($1.06) earnings per share. The business’s quarterly revenue was up 119.6% on a year-over-year basis. Equities analysts predict that Tesla Inc. will post ($6.28) earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC lifted its stake in Tesla by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $309,000 after buying an additional 4 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Tesla by 2.3% during the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after buying an additional 9 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Tesla by 2.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after buying an additional 18 shares in the last quarter. Finally, Gemmer Asset Management LLC lifted its stake in Tesla by 2.6% during the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock valued at $282,000 after buying an additional 20 shares in the last quarter. 56.63% of the stock is owned by institutional investors.

Several brokerages have issued reports on TSLA. Standpoint Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Wednesday. Instinet began coverage on shares of Tesla in a research report on Wednesday. They set a “buy” rating and a $500.00 price objective on the stock. Nomura began coverage on shares of Tesla in a research report on Wednesday. They set a “buy” rating and a $500.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and set a $317.00 price objective on shares of Tesla in a research report on Tuesday. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $265.00 price objective on shares of Tesla in a research report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. Tesla presently has an average rating of “Hold” and a consensus price target of $324.87.

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.

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

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