Tesla Inc’s filing revealed that its Officer VAIBHAV TANEJA acquired Company’s shares for reported $2.38 million on Nov 08 ’24. In the deal valued at $296.91 per share,8,000 shares were bought.
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Then, Musk Kimbal sold 60,500 shares, generating $15,138,945 in total proceeds. Upon selling the shares at $250.23, the Director now owns 1,563,220 shares.
Before that, Taneja Vaibhav sold 4,000 shares. Tesla Inc shares valued at $1,007,040 were divested by the Chief Financial Officer at a price of $251.76 per share. As a result of the transaction, Taneja Vaibhav now holds 105,032 shares, worth roughly $34.5 million.
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 fall -6.15% to $328.49. Over the last five days, the stock has gained 30.64%. Tesla Inc shares have risen nearly 32.20% since the year began. Nevertheless, the stocks have risen 53.04% over the past one year. While a 52-week high of $358.64 was reached on 11/11/24, a 52-week low of $138.80 was recorded on 04/22/24. SMA at 50 days reached $246.26, while 200 days put it at $205.92.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 319.25, which if violated will result in even more drops to 310.02. On the upside, there is a resistance level at 341.78. A further resistance level may holdings at 355.08. The Relative Strength Index (RSI) on the 14-day chart is 70.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 55.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.18%. Stochastics %K at 87.50% indicates the stock is a selling.
How much short interest is there in Tesla Inc?
A steep rise in short interest was recorded in Tesla Inc stocks on 2024-10-31, growing by 3.61 million shares to a total of 77.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 74.33 million shares. There was a rise of 4.63%, 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.
