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Tesla Inc.’s (NASDAQ:TSLA) Chief Financial Officer, Vaibhav Taneja, recently executed a sale of company shares valued at approximately $718,111, according to a recent SEC filing. The transaction took place on March 6, 2025, and involved the sale of 2,672.25 shares at an average price of $268.729 per share. The sale comes as Tesla’s stock has experienced significant volatility, with shares down 10% in the past week and 35% year-to-date, despite maintaining a strong market capitalization of $846 billion.
The filing also detailed an earlier transaction on March 5, 2025, where Taneja acquired 6,538 shares of common stock through the vesting of restricted stock units. These shares were issued at no cost to Taneja, as part of his compensation package. However, a portion of these shares was subsequently sold to cover tax withholding obligations related to the vesting. InvestingPro analysis reveals Tesla maintains strong financial health with a current ratio of 2.02, indicating solid liquidity, while holding more cash than debt on its balance sheet.
Following these transactions, Taneja holds 26,949.5 shares directly and an additional 86,000 shares indirectly through a grantor retained annuity trust (GRAT). For deeper insights into Tesla’s valuation and 20+ additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our detailed Pro Research Report.
In other recent news, Tesla has signed a lease agreement for its first showroom in Mumbai, marking a strategic move to sell imported cars in India. The five-year lease, starting February 2025, involves an annual rent beginning at approximately $446,000, escalating by 5% each year. This development follows a meeting between Tesla CEO Elon Musk and India’s Prime Minister Narendra Modi, highlighting the company’s renewed focus on the Indian market. Meanwhile, TD Cowen has upgraded Tesla stock to a Buy rating with a price target of $388, citing potential catalysts like new vehicle launches and advancements in autonomous technology. The firm acknowledges short-term challenges but maintains confidence in Tesla’s ability to capitalize on upcoming opportunities. Additionally, the U.S. is urging India to reduce auto import tariffs, which could benefit Tesla’s plans in India. The high tariffs have previously delayed Tesla’s entry into the Indian market. Lastly, Tesla has been leading premarket gains among major stocks, with a 3.1% increase following a strong performance in the UK market despite declining sales in Europe and China.
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