Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tesla Inc shares valued at $2,894,918 were sold by Taneja Vaibhav on Jan 06 ’25. At $413.56 per share, Taneja Vaibhav sold 7,000 shares. The insider’s holdings dropped to 108,965 shares worth approximately $45.23 million following the completion of this transaction.
Also, Wilson-Thompson Kathleen sold 100,000 shares, netting a total of over 41,162,799 in proceeds. Following the sale of shares at $411.63 each, the insider now holds 5,400 shares.
Before that, VAIBHAV TANEJA had added 7,000 shares to its account. In a trade valued at $2,873,080, the Officer bought Tesla Inc shares for $410.44 each.
As published in a research note from Wedbush on January 22, 2025, Tesla Inc [TSLA] has been retained to an Outperform and the price target has been revised to $550. Analysts at Barclays resumed the stock at ‘”an Equal weight”‘ outlook in a report released in mid January. As of January 07, 2025, BofA Securities has decreased its “Buy” rating to a “Neutral” for TSLA. Earlier on January 06, 2025, New Street upgraded its rating. Their new recommendation was “a Buy” for TSLA stock which previously was a “a Neutral”.
Analyzing TSLA Stock Performance
During the last five days, there has been a surge of approximately 4.73%. Over the course of the year, Tesla Inc shares have jumped approximately 2.79%. Shares of the company reached a 52-week high of $439.74 on 01/17/25 and a 52-week low of $373.04 on 01/02/25. A 50-day SMA is recorded $387.20, while a 200-day SMA reached $254.04. Nevertheless, trading volume fell to 60.45 million shares from 87.32 million shares the previous day.
Support And Resistance Levels for Tesla Inc (TSLA)
According to the 24-hour chart, there is a support level at 410.47, which, if violated, would cause prices to drop to 405.82. In the upper region, resistance lies at 423.88. The next price resistance is at 432.64. RSI (Relative Strength Index) is 52.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.03, which suggests the price will increase in the coming days. Percent R is at 36.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
