Tesla Inc’s recent filing unveils that its Chief Financial Officer Taneja Vaibhav unloaded Company’s shares for reported $2.89 million on Jan 06 ’25. In the deal valued at $413.56 per share,7,000 shares were sold. As a result of this transaction, Taneja Vaibhav now holds 108,965 shares worth roughly $43.19 million.
Then, Wilson-Thompson Kathleen sold 100,000 shares, generating $41,162,799 in total proceeds. Upon selling the shares at $411.63, the Director now owns 5,400 shares.
Before that, VAIBHAV TANEJA bought 7,000 shares. Tesla Inc shares valued at $2,873,080 were divested by the Officer at a price of $410.44 per share.
BofA Securities downgraded its Tesla Inc [TSLA] rating to a Neutral from a a Buy in a research note published on January 07, 2025; the price target was increased to $490 from $400. A number of analysts have revised their coverage, including New Street’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Robert W. Baird also remained covering TSLA and reiterated its “an Outperform” recommendation on December 18, 2024. Mizuho revised its rating on December 17, 2024. It rated TSLA as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of TSLA
On Tuesday, Tesla Inc [NASDAQ:TSLA] saw its stock fall -1.72% to $396.36. Over the last five days, the stock has lost -3.57%. Tesla Inc shares have fallen nearly -1.85% since the year began. Nevertheless, the stocks have risen 74.44% over the past one year. While a 52-week high of $488.54 was reached on 01/06/25, a 52-week low of $138.80 was recorded on 01/02/25. SMA at 50 days reached $370.68, while 200 days put it at $247.79.
Levels Of Support And Resistance For TSLA Stock
The 24-hour chart illustrates a support level at 386.39, which if violated will result in even more drops to 376.41. On the upside, there is a resistance level at 414.49. A further resistance level may holdings at 432.61. The Relative Strength Index (RSI) on the 14-day chart is 49.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.73%. Stochastics %K at 27.19% 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 2024-12-31, dropping by -9.81 million shares to a total of 67.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 77.19 million shares. There was a decline of -14.57%, which implies that there is a negative sentiment for the stock.
