A Director at Tesla (NASDAQ: TSLA) is Buying Shares

By Carrie Williams

Yesterday, a Director at Tesla (TSLAResearch Report), Robyn Denholm, bought shares of TSLA for $232.7K.

Following this transaction Robyn Denholm’s holding in the company was increased by 100% to a total of $241.6K.

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Based on Tesla’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.35 billion and GAAP net loss of $408 million. In comparison, last year the company earned revenue of $4 billion and had a GAAP net loss of $718 million. Currently, Tesla has an average volume of 9.18M. The Company has a Price to Book ratio of 7.5720.

Based on 29 analyst ratings, the analyst consensus is Hold with an average price target of $251.33, reflecting a 4.0% upside. 10 different firms, including Berenberg Bank and Canaccord Genuity, currently also have a Buy rating on the stock. TSLA is a controversial stock, with 8 analysts recommending Buy, while 14 recommends selling the stock.

The insider sentiment on Tesla has been positive according to 46 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 company operates through Automotive, and Energy Generation and Storage segments.