Tesla Inc’s filing revealed that 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 $23.06 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 $14.82 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 0.19% to $219.57. Over the last five days, the stock has lost -10.20%. Tesla Inc shares have fallen nearly -11.63% since the year began. Nevertheless, the stocks have fallen -12.56% 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 $225.95, while 200 days put it at $201.96.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 216.37, which if violated will result in even more drops to 213.18. On the upside, there is a resistance level at 223.51. A further resistance level may holdings at 227.46. The Relative Strength Index (RSI) on the 14-day chart is 39.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -23.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.60%. Stochastics %K at 9.59% indicates the stock is a buying.
How much short interest is there in Tesla Inc?
A steep rise in short interest was recorded in Tesla Inc stocks on 2024-09-30, dropping by -4.37 million shares to a total of 74.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 78.7 million shares. There was a decline of -5.87%, 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.
