Tesla (NASDAQ:TSLA) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Tesla (NASDAQ:TSLA) posted its quarterly earnings results on Wednesday. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08), Zacks reports. Tesla had a net margin of 13.07% and a return on equity of 10.24%.

Tesla Stock Down 2.3 %

TSLA opened at $389.10 on Thursday. Tesla has a one year low of $138.80 and a one year high of $488.54. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 106.60, a PEG ratio of 8.42 and a beta of 2.30. The business’s fifty day moving average is $401.04 and its two-hundred day moving average is $296.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TSLA shares. Royal Bank of Canada boosted their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their target price on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Truist Financial reissued a “hold” rating and issued a $360.00 price target on shares of Tesla in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Morgan Stanley boosted their target price on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $314.15.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.