A Director at Tesla is Exercising Options

Yesterday it was reported that a Director at Tesla (TSLAResearch Report), Ira Matthew Ehrenpreis, exercised options to buy 8,492 TSLA shares at $29.66 a share, for a total transaction value of $251.9K. The options were close to expired and Ira Matthew Ehrenpreis retained stocks.

Following this transaction Ira Matthew Ehrenpreis’ holding in the company was increased by 60.57% to a total of $4.97 million. This is Ehrenpreis’ first Buy trade following 4 Sell transactions.

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Based on Tesla’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.54 billion and GAAP net loss of $702 million. In comparison, last year the company earned revenue of $3.41 billion and had a GAAP net loss of $710 million. Currently, Tesla has an average volume of 15.2M. The Company has a Price to Book ratio of 7.8914.

Based on 24 analyst ratings, the analyst consensus is Hold with an average price target of $264.50, reflecting a 26.4% upside. 11 different firms, including Roth Capital and Wedbush, currently also have a Buy rating on the stock. TSLA is a controversial stock, with 8 analysts recommending Buy, while 11 recommends selling the stock.

The insider sentiment on Tesla has been positive according to 45 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.

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