Tesla Inc (TSLA) Insider Jeffrey B. Straubel Sells 15,000 Shares
Tesla Inc (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $348.44, for a total transaction of $5,226,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of TSLA traded down $0.89 during trading hours on Friday, reaching $350.51. The company’s stock had a trading volume of 5,093,378 shares, compared to its average volume of 10,825,698. Tesla Inc has a 1-year low of $244.59 and a 1-year high of $387.46. The company has a current ratio of 0.81, a quick ratio of 0.37 and a debt-to-equity ratio of 1.82.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.77) by $4.67. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. Sell-side analysts predict that Tesla Inc will post -5.09 EPS for the current fiscal year.
TSLA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Tesla from a “hold” rating to a “strong-buy” rating and set a $381.00 price objective for the company in a research note on Tuesday, October 30th. Nord/LB reaffirmed a “sell” rating and set a $230.00 price objective on shares of Tesla in a research note on Tuesday, September 11th. Oppenheimer reaffirmed a “buy” rating and set a $385.00 price objective on shares of Tesla in a research note on Monday, October 1st. Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the company a “neutral” rating in a research note on Friday, September 28th. Finally, Macquarie initiated coverage on shares of Tesla in a research note on Monday, October 8th. They set an “outperform” rating and a $430.00 price objective for the company. Thirteen analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Tesla currently has a consensus rating of “Hold” and an average target price of $318.58.
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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.
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