Tesla (NASDAQ:TSLA) Shares Down 4.8% Following Insider Selling

Tesla, Inc. (NASDAQ:TSLA)’s share price dropped 4.8% during trading on Friday following insider selling activity. The company traded as low as $422.00 and last traded at $422.24. Approximately 51,255,324 shares traded hands during trading, a decline of 18% from the average daily volume of 62,650,719 shares. The stock had previously closed at $443.30.

Specifically, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Robert W. Baird decreased their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Wells Fargo & Company decreased their price target on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, Tigress Financial assumed coverage on shares of Tesla in a report on Monday, April 27th. They set a “buy” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $395.20.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for ‘gobsmacking’ slow progress in class action lawsuit

Tesla Stock Performance

The stock’s 50-day moving average price is $386.41 and its 200 day moving average price is $418.28. The company has a market cap of $1.59 trillion, a P/E ratio of 387.38, a price-to-earnings-growth ratio of 16.65 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Tesla’s revenue was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Norges Bank bought a new stake in Tesla in the 4th quarter valued at $17,128,100,000. Corient Private Wealth LLC increased its holdings in Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after buying an additional 20,810,386 shares during the period. Bank of America Corp DE increased its holdings in Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. increased its holdings in Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after buying an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.