Jerome M. Guillen Sells 1,000 Shares of Tesla Inc (TSLA) Stock
Tesla Inc (NASDAQ:TSLA) insider Jerome M. Guillen sold 1,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $360.28, for a total transaction of $360,280.00. Following the transaction, the insider now owns 8,598 shares in the company, valued at $3,097,687.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Tesla stock traded up $3.36 on Thursday, reaching $363.06. The company had a trading volume of 7,829,702 shares, compared to its average volume of 8,680,270. The company has a market capitalization of $61.77 billion, a price-to-earnings ratio of -31.63 and a beta of 0.59. Tesla Inc has a 52-week low of $244.59 and a 52-week high of $387.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.77) by $4.67. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. Equities analysts expect that Tesla Inc will post -5.09 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $122,000. Belpointe Asset Management LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $131,000. Destination Wealth Management raised its stake in shares of Tesla by 156.0% in the 3rd quarter. Destination Wealth Management now owns 512 shares of the electric vehicle producer’s stock valued at $136,000 after acquiring an additional 312 shares during the period. Paradigm Asset Management Co. LLC raised its stake in shares of Tesla by 120.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the electric vehicle producer’s stock valued at $146,000 after acquiring an additional 300 shares during the period. Finally, Proffitt & Goodson Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $147,000. 59.50% 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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