Tesla, Inc. (NASDAQ:TSLA – Get Free Report) CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tesla Stock Performance
Shares of Tesla stock opened at $363.56 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The firm’s 50 day moving average is $354.27 and its two-hundred day moving average is $381.50. The firm has a market capitalization of $1.44 trillion, a P/E ratio of 336.63, a P/E/G ratio of 18.57 and a beta of 1.84.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. Research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Key Stories Impacting Tesla
- Positive Sentiment: Tesla’s Cybercab rollout offers a potential new growth catalyst. The company has added 45 vehicles to its Austin fleet, and CEO Elon Musk says its redesigned manufacturing process could produce Cybercabs more than five times faster. Successful scaling could improve robotaxi economics and support Tesla’s AI ambitions. 45 Tesla Cybercabs are now roaming Austin
- Positive Sentiment: Slovenia’s approval of Tesla’s supervised Full Self-Driving system could support broader European authorization, potentially expanding software revenue and paving the way for a future Cybercab launch in Europe. Tesla FSD approval in Slovenia
- Neutral Sentiment: Analysts remain divided on whether Tesla can compete with Waymo and other autonomous-driving providers. Early Cybercab fares have varied substantially versus Uber, leaving the business model, safety performance and profitability unproven. Goldman Sachs maintained a Neutral rating with a $360 price target. Tesla Cybercab growth-driver analysis
- Neutral Sentiment: Tesla CFO Vaibhav Taneja sold 2,606 shares to cover tax withholding from vested equity awards. Because the transaction was tax-related, it is less concerning than a discretionary sale, though it may add modest sentiment pressure. Tesla CFO share sale
- Negative Sentiment: A House Democrat urged federal regulators to act after reports identified 43 videos apparently showing drivers asleep or disengaged while using Autopilot or Full Self-Driving. Additional scrutiny could delay deployments and increase Tesla’s legal and regulatory risks. Federal action urged over sleeping Tesla drivers
- Negative Sentiment: China remains a significant weakness. Tesla is offering discounts as domestic demand softens, which may support deliveries but further pressure already-thin automotive margins. Growing exports from Chinese manufacturers also threaten Tesla’s global pricing power. Tesla China discounts and margins
- Negative Sentiment: Questions surrounding Cybercab safety, self-certification and operating reliability—including criticism from Austin firefighters—are undermining confidence in Tesla’s aggressive robotaxi timeline. With the stock trading at a very high earnings multiple, setbacks to autonomy could trigger further downside.
Hedge Funds Weigh In On Tesla
A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the third quarter worth $30,000. Texas Capital Bancshares Inc TX purchased a new position in Tesla during the third quarter worth about $31,000. Friedenthal Financial lifted its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter valued at approximately $26,000. Finally, Harborfront Financial Group LLC purchased a new stake in Tesla in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on TSLA. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday, July 28th. Barclays boosted their target price on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Roth Capital restated a “buy” rating and set a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Finally, Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $401.74.
View Our Latest Stock Analysis on TSLA
About Tesla
Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.
The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.
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