Tesla Inc (NASDAQ:TSLA) shares traded -3.40% lower at $142.05 on Wall Street last session.
TSLA stock price is now -20.49% away from the 50-day moving average and -36.86% away from the 200-day moving average. The market capitalization of the company currently stands at $452.99B.
With the price target reduced from $189 to $123, Deutsche Bank Downgraded its rating from Buy to Hold for Tesla Inc (NASDAQ: TSLA). On April 17, 2024, Barclays reiterated its ‘Equal Weight’ rating on the stock by increasing its target price from $225 to quote $180, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Baglino Andrew D, SVP Powertrain and Energy Eng. sold 10,500 shares of the company’s stock on Apr 01 ’24. The stock was sold for $1,850,100 at an average price of $176.20. Upon completion of the transaction, the SVP Powertrain and Energy Eng. now directly owns 31,230 shares in the company, valued at $4.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Director DENHOLM ROBYN M sold 93,705 shares of the business’s stock. A total of $16,439,650 was realized by selling the stock at an average price of $175.44. This leaves the insider owning 15,000 shares of the company worth $2.13 million. A total of 13.01% of the company’s stock is owned by insiders.
During the past 12 months, Tesla Inc has had a low of $146.22 and a high of $299.29. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.73, and a quick ratio of 1.25.
The net profit margin was 15.50% and return on equity was 27.95% for TSLA. The company reported revenue of $25.17 billion for the quarter, compared to $24.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.49 percent.
