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In a recent transaction, Tesla, Inc. (NASDAQ:TSLA) Chief Financial Officer Vaibhav Taneja sold 4,000 shares of the company's common stock on April 7, 2025. The shares were sold at a price of $250.00 each, totaling $1 million, below the current trading price of $272. This transaction was executed under a pre-established Rule 10b5-1 trading plan. According to InvestingPro data, Tesla currently commands a market capitalization of $880 billion and trades at a P/E ratio of 119.
The sale followed an exercise of stock options to acquire the same number of shares at a significantly lower price of $18.22 per share. This exercise, also conducted on April 7, resulted in a total transaction value of $72,880.
After these transactions, Taneja holds 26,949.5 shares directly, with additional shares held indirectly through a Grantor Retained Annuity Trust (GRAT).
In other recent news, Tesla, Inc. reported an 11% drop in monthly sales in the Chinese market, selling 78,828 units in March, according to data from the China Passenger Car Association. Despite challenges in China, Tesla is being courted by India for potential investments, as India limits market access for Chinese competitor BYD Co (SZ:002594). Meanwhile, Tesla was among the top gainers in premarket trading, with a 1.7% rise noted in the Magnificent Seven stock group.
In related developments, Tesla CEO Elon Musk responded to comments from President Donald Trump's trade adviser, Peter Navarro, who referred to Musk as a "car assembler." Musk dismissed the remarks as "demonstrably false." The exchange is part of an ongoing discussion about tariffs and trade policies affecting Tesla's operations. Additionally, Tesla's shares were trading at $227.32, approximately half of their 52-week high, amid broader market concerns about recession and tariffs.
The company's quarterly sales have reportedly seen a sharp decline, aligning with broader market trends impacted by the U.S. administration's tariff policies. Despite these challenges, Tesla remains a focal point in the electric vehicle market, as evidenced by India's interest in fostering a partnership with the company.
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