Tesla Inc’s recently made public that its Chief Financial Officer Taneja Vaibhav unloaded Company’s shares for reported $0.98 million on Dec 06 ’24. In the deal valued at $374.21 per share,2,606 shares were sold. As a result of this transaction, Taneja Vaibhav now holds 108,965 shares worth roughly $47.53 million.
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Then, Wilson-Thompson Kathleen sold 100,000 shares, generating $35,253,875 in total proceeds. Upon selling the shares at $352.54, the Director now owns 5,400 shares.
Before that, Taneja Vaibhav sold 7,000 shares. Tesla Inc shares valued at $2,481,039 were divested by the Chief Financial Officer at a price of $354.43 per share. As a result of the transaction, Taneja Vaibhav now holds 105,032 shares, worth roughly $45.82 million.
ROTH MKM upgraded its Tesla Inc [TSLA] rating to a Buy from a a Neutral in a research note published on December 02, 2024; the price target was increased to $380 from $85. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in late October has reiterated a ‘”an Underweight”‘ rating for it. Truist also remained covering TSLA and reiterated its “Hold” recommendation on October 24, 2024. RBC Capital Mkts maintained its rating on October 24, 2024. It rated TSLA as “an Outperform”.
Price Performance Review of TSLA
On Friday, Tesla Inc [NASDAQ:TSLA] saw its stock jump 4.34% to $436.23. Over the last five days, the stock has gained 12.08%. Tesla Inc shares have risen nearly 75.56% since the year began. Nevertheless, the stocks have risen 82.30% over the past one year. While a 52-week high of $429.30 was reached on 12/13/24, a 52-week low of $138.80 was recorded on 04/22/24. SMA at 50 days reached $300.07, while 200 days put it at $224.40.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 422.53, which if violated will result in even more drops to 408.82. On the upside, there is a resistance level at 443.12. A further resistance level may holdings at 450.00. The Relative Strength Index (RSI) on the 14-day chart is 78.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 51.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.06%. Stochastics %K at 96.31% 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 2024-11-29, dropping by -0.75 million shares to a total of 77.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 77.94 million shares. There was a decline of -0.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 24, 2024 when Jefferies resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $195.
