In a filing, Tesla Inc revealed its Chief Financial Officer Taneja Vaibhav unloaded Company’s shares for reported $2.0 million on Sep 23 ’24. In the deal valued at $250.00 per share,8,000 shares were sold. As a result of this transaction, Taneja Vaibhav now holds 105,032 shares worth roughly $25.68 million.
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Then, VAIBHAV TANEJA bought 8,000 shares, generating $1,906,000 in total proceeds.
Before that, Zhu Xiaotong sold 297 shares. Tesla Inc shares valued at $65,867 were divested by the SVP, Automotive at a price of $221.77 per share. As a result of the transaction, Zhu Xiaotong now holds 67,491 shares, worth roughly $16.5 million.
Piper Sandler reiterated its Tesla Inc [TSLA] rating to an Overweight in a research note published on September 25, 2024; the price target was $310. William Blair started covering the stock on August 29, 2024. It rated TSLA as “an Outperform”.
Price Performance Review of TSLA
On Tuesday, Tesla Inc [NASDAQ:TSLA] saw its stock jump 1.52% to $244.50. Over the last five days, the stock has lost -5.24%. Tesla Inc shares have fallen nearly -1.60% since the year began. Nevertheless, the stocks have fallen -6.15% over the past one year. While a 52-week high of $271.00 was reached on 07/11/24, a 52-week low of $138.80 was recorded on 04/22/24. SMA at 50 days reached $224.78, while 200 days put it at $202.67.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 241.30, which if violated will result in even more drops to 238.11. On the upside, there is a resistance level at 246.95. A further resistance level may holdings at 249.41. The Relative Strength Index (RSI) on the 14-day chart is 53.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.21%. Stochastics %K at 45.31% indicates the stock is a holding.
How much short interest is there in Tesla Inc?
A steep rise in short interest was recorded in Tesla Inc stocks on 2024-09-13, dropping by -4.75 million shares to a total of 77.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 81.97 million shares. There was a decline of -6.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 24, 2024 when Truist resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $215.
