Intel stock spikes after report of possible US government stake
Tesla, Inc. (NASDAQ:TSLA) Chief Financial Officer Vaibhav Taneja recently executed a stock sale, according to a filing with the Securities and Exchange Commission. On June 9, Taneja sold 2,564 shares of Tesla common stock at an average price of $285.715 per share, resulting in a total transaction value of $732,573. This sale was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units. Tesla’s stock, currently trading at $308.66, has shown significant volatility with a 77.6% return over the past year. The company maintains a substantial market capitalization of $994 billion, making it one of the most valuable companies covered by InvestingPro’s comprehensive analysis.
Earlier, on June 5, Taneja acquired 6,538 shares of Tesla common stock through the vesting of restricted stock units, which were issued at no cost to him. Following these transactions, Taneja holds 5,923.5 shares directly. Additionally, Taneja and his spouse collectively manage 110,000 shares held in grantor retained annuity trusts (GRATs), as detailed in the filing. According to InvestingPro’s analysis, Tesla currently trades at a P/E ratio of 157.76 and maintains a "Fair" overall financial health score, with particularly strong cash flow metrics. Subscribers can access 16 additional ProTips and detailed valuation insights in Tesla’s Pro Research Report.
In other recent news, Tesla Inc. has faced several key developments. Argus Research downgraded Tesla’s stock from Buy to Hold, citing the ongoing tensions between CEO Elon Musk and former President Trump, as well as the company’s underperformance in the first quarter of 2025. Despite maintaining a long-term Buy rating, Argus expressed concerns over the political challenges affecting Tesla’s fundamentals. Similarly, Baird analysts reduced their rating from Outperform to Neutral, adjusting the price target to $320. They highlighted skepticism over the upcoming robotaxi service and the impact of Musk’s association with Trump on Tesla’s prospects.
Meanwhile, Tesla’s Optimus humanoid robot program experienced a leadership change with Milan Kovac’s departure, and Ashok Elluswamy, head of Tesla’s autopilot teams, taking over. Additionally, Deepwater Asset Management’s Gene Munster commented on the Musk-Trump conflict’s potential impact on Tesla’s robotaxi service and EV tax credits, which could affect delivery growth. Tesla plans to unveil its robotaxi service in Austin, starting with a small pilot of ten driverless Model Ys. These developments come amid a competitive EV market, with companies like Ford and General Motors (NYSE:GM) enhancing their offerings and Toyota (NYSE:TM)’s hybrids gaining traction.
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