Tesla Inc. (NASDAQ:TSLA) Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the transaction, the director now owns 154,419 shares in the company, valued at approximately $51,003,051.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Kimbal Musk also recently made the following trade(s):
- On Monday, October 2nd, Kimbal Musk sold 2,190 shares of Tesla stock. The shares were sold at an average price of $341.69, for a total value of $748,301.10.
- On Friday, September 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The shares were sold at an average price of $355.20, for a total value of $777,888.00.
Tesla Inc. (NASDAQ:TSLA) traded down $3.06 during mid-day trading on Wednesday, reaching $305.64. The company’s stock had a trading volume of 1,105,397 shares, compared to its average volume of 6,401,490. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla Inc. has a 52 week low of $180.00 and a 52 week high of $389.61.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $0.71 EPS. Tesla’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities analysts forecast that Tesla Inc. will post -11.38 EPS for the current fiscal year.
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Several equities analysts have issued reports on TSLA shares. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price on the stock in a research note on Friday, October 13th. Citigroup Inc. began coverage on Tesla in a research note on Thursday, July 20th. They set a “neutral” rating and a $357.00 price target on the stock. Morgan Stanley restated a “hold” rating and set a $317.00 price target on shares of Tesla in a research note on Thursday, September 7th. Sanford C. Bernstein restated a “market perform” rating and set a $265.00 price target on shares of Tesla in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC lowered Tesla from an “in-line” rating to an “underperform” rating and dropped their price target for the stock from $312.00 to $240.00 in a research note on Friday, October 27th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Tesla currently has a consensus rating of “Hold” and a consensus target price of $330.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter valued at about $567,000. Janus Henderson Group PLC grew its stake in Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after buying an additional 305,596 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Tesla during the 3rd quarter worth approximately $352,000. Cornerstone Capital Management Holdings LLC. grew its stake in Tesla by 6.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,584 shares of the electric vehicle producer’s stock worth $5,997,000 after buying an additional 1,138 shares during the last quarter. Finally, Lagoda Investment Management L.P. purchased a new position in Tesla during the 3rd quarter worth approximately $6,651,000. Institutional investors and hedge funds own 56.36% of the company’s stock.
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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