Yesterday, the SVP, Engineering of Tesla (NASDAQ: TSLA), FIELD JOHN DOUGLAS, sold shares of TSLA for $1.08M.
Following FIELD JOHN DOUGLAS’s last TSLA Sell transaction on April 28, 2016, the stock climbed by 104.8%. In addition to FIELD JOHN DOUGLAS, one other TSLA executive reported Sell trades in the last month.
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Based on Tesla’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.41 billion and GAAP net loss of $710 million. In comparison, last year the company earned revenue of $2.7 billion and had a GAAP net loss of $330 million. Currently, Tesla has an average volume of 12.76M. The Company has a Price to Book ratio of 13.4463.
18 different firms, including B.Riley FBR and Merrill Lynch, currently also have a Sell rating on the stock. Based on 24 analyst ratings, the analyst consensus is Hold with an average price target of $302.67, reflecting a 16.5% upside. TSLA is a controversial stock, with 7 analysts recommending Buy, while 7 recommends selling the stock.
In the last 30 days, insiders have sold $1.08M worth of TSLA shares and purchased $24.92M worth of TSLA shares. The insider sentiment on Tesla has been positive according to 39 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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