Tesla Inc’s recently made public that its Director Musk Kimbal unloaded Company’s shares for reported $15.14 million on Nov 01 ’24. In the deal valued at $250.23 per share,60,500 shares were sold. As a result of this transaction, Musk Kimbal now holds 1,563,220 shares worth roughly $393.06 million.
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Then, Taneja Vaibhav sold 4,000 shares, generating $1,007,040 in total proceeds. Upon selling the shares at $251.76, the Chief Financial Officer now owns 105,032 shares.
Before that, Kimbal Musk bought 60,500 shares. Tesla Inc shares valued at $15,115,925 were divested by the Affiliate at a price of $249.85 per share.
Wells Fargo reiterated its Tesla Inc [TSLA] rating to an Underweight in a research note published on October 24, 2024; the price target was $125. A number of analysts have revised their coverage, including Truist’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. RBC Capital Mkts also remained covering TSLA and reiterated its “an Outperform” recommendation on October 24, 2024. Jefferies maintained its rating on October 24, 2024. It rated TSLA as “a Hold”.
Price Performance Review of TSLA
On Tuesday, Tesla Inc [NASDAQ:TSLA] saw its stock jump 3.54% to $251.44. Over the last five days, the stock has lost -3.11%. Tesla Inc shares have risen nearly 1.19% since the year began. Nevertheless, the stocks have risen 14.31% over the past one year. While a 52-week high of $273.54 was reached on 10/28/24, a 52-week low of $138.80 was recorded on 04/22/24. SMA at 50 days reached $235.48, while 200 days put it at $202.86.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 246.67, which if violated will result in even more drops to 241.91. On the upside, there is a resistance level at 255.74. A further resistance level may holdings at 260.05. The Relative Strength Index (RSI) on the 14-day chart is 55.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.97%. Stochastics %K at 58.03% 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 2024-10-15, growing by 2.14 million shares to a total of 79.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 77.22 million shares. There was a rise of 2.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 24, 2024 when Goldman resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $250.
