Following Jeffrey Straubel’s last TSLA Sell transaction on February 12, 2016, the stock climbed by 199.5%. This is Straubel’s first Sell trade following 3 Buy transactions.
Based on Tesla’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.82 billion and quarterly net profit of $312 million. In comparison, last year the company earned revenue of $2.98 billion and had a GAAP net loss of $619 million. Currently, Tesla has an average volume of 5.1M. The Company has a Price to Book ratio of 13.3382.
Based on 28 analyst ratings, the analyst consensus is Hold with an average price target of $322.50, reflecting a -8.0% downside. 10 different firms, including Barclays and Merrill Lynch, currently also have a Sell rating on the stock. TSLA is a controversial stock, with 8 analysts recommending Buy, while 10 recommends selling the stock.
In the last 30 days, insiders have sold $5.23M worth of TSLA shares and purchased $10.16M worth of TSLA shares. The insider sentiment on Tesla has been positive according to 32 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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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