Tesla Inc (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $348.44, for a total transaction of $5,226,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TSLA stock opened at $350.51 on Friday. Tesla Inc has a twelve month low of $244.59 and a twelve month high of $387.46. The stock has a market cap of $59.79 billion, a P/E ratio of -30.53 and a beta of 0.48. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.37 and a current ratio of 0.81.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.77) by $4.67. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $5.67 billion. On average, sell-side analysts predict that Tesla Inc will post -5.09 earnings per share for the current fiscal year.

Several equities analysts have commented on TSLA shares. Needham & Company LLC downgraded shares of Tesla from a “hold” rating to an “underperform” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $180.00 target price on shares of Tesla and gave the stock a “sell” rating in a research report on Friday, July 20th. Morningstar set a $179.00 target price on shares of Tesla and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $195.00 price target on shares of Tesla in a research report on Monday, July 30th. Finally, UBS Group reaffirmed a “sell” rating and issued a $195.00 price target on shares of Tesla in a research report on Monday, July 30th. Thirteen equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $318.58.

A number of hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its position in Tesla by 3.1% during the second quarter. Baillie Gifford & Co. now owns 13,171,801 shares of the electric vehicle producer’s stock worth $4,517,269,000 after buying an additional 395,727 shares in the last quarter. Jennison Associates LLC grew its position in Tesla by 11.2% during the third quarter. Jennison Associates LLC now owns 4,817,282 shares of the electric vehicle producer’s stock worth $1,275,472,000 after buying an additional 485,095 shares in the last quarter. ARK Investment Management LLC grew its position in Tesla by 68.2% during the third quarter. ARK Investment Management LLC now owns 746,725 shares of the electric vehicle producer’s stock worth $197,710,000 after buying an additional 302,851 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Tesla by 7.5% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 581,589 shares of the electric vehicle producer’s stock worth $153,987,000 after buying an additional 40,618 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Tesla by 15.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 575,829 shares of the electric vehicle producer’s stock worth $152,462,000 after buying an additional 75,321 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.

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Tesla Company Profile

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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