U.S. stocks fall as Waller news weighs; Apple adds to gains
Tesla, Inc. (NASDAQ:TSLA), the $1.21 trillion market cap electric vehicle giant, saw its Chief Financial Officer Vaibhav Taneja recently sell a significant portion of the company’s stock, according to a regulatory filing. On February 3, Taneja sold shares worth approximately $2.68 million, with prices ranging from $375.05 to $387.764 per share, amid the stock’s notable volatility and 104% gain over the past year.
The transactions were executed as part of a pre-arranged trading plan under Rule 10b5-1, which Taneja adopted on May 1, 2024. These sales included multiple transactions to cover the exercise price and tax withholding obligations related to stock options. According to InvestingPro analysis, Tesla maintains a GOOD financial health score, with strong liquidity ratios and cash flows sufficient to cover its obligations.
In addition to the sales, Taneja exercised options to acquire 7,000 shares at a price of $18.22 each, amounting to a total transaction value of $127,539. Following these transactions, Taneja holds approximately 108,965 shares of Tesla common stock directly.
The filing highlights Taneja’s continued engagement with Tesla’s stock, balancing option exercises and strategic sales.
In other recent news, Tesla’s Cybertruck is now eligible for a $7,500 federal tax credit in the United States, effectively reducing the starting price for eligible buyers. ARK’s Big Ideas 2025 report highlights potential growth in the energy sector, emphasizing the role of nuclear energy and the rise of Small Modular Reactor (SMR) startups. Additionally, ARK’s report projects continued growth in the Robotaxi market, with Tesla expected to hold around 50% of the market share by 2030.
Tesla’s sales in Germany have seen a significant drop of 59%, coinciding with CEO Elon Musk’s political involvement in the country. On the other hand, NIO and Xiaomi (OTC:XIACF) have surpassed Tesla in Ward’s Intelligence Software-Defined Vehicle (SDV) innovation ranking, demonstrating a shift in the technological landscape. These are some of the recent developments shaping the trajectory of these companies.
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