Kathleen Wilson-Thompson, a director at Tesla, Inc. (NASDAQ:TSLA), reported a series of stock transactions, according to a recent SEC filing. On January 6, 2025, Wilson-Thompson exercised options to acquire 100,000 shares of Tesla common stock at a price of $14.99 per share, amounting to a total acquisition cost of approximately $1.5 million. The transaction comes as Tesla, currently valued at $1.27 trillion, trades near $395 per share.
Subsequently, Wilson-Thompson sold a total of 64,600 shares, generating proceeds of approximately $41.16 million. The sales were executed at prices ranging from $402.841 to $426.145 per share. Following these transactions, Wilson-Thompson holds 5,400 shares directly. According to InvestingPro analysis, Tesla’s stock has shown significant volatility, delivering a 68% return over the past year, with analyst price targets ranging from $120 to $528.
These transactions were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. For deeper insights into Tesla’s insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access the detailed Pro Research Report, part of our coverage of over 1,400 US stocks.
In other recent news, Tesla Inc. is under investigation by the National Highway Traffic Safety Administration (NHTSA) over accidents linked to its remote driving feature, Actually Smart summon, in 2.6 million vehicles. The probe was initiated following reports of insufficient user reaction time to prevent collisions. Additionally, the company’s Texas-based lithium refinery, nearing completion, could require up to 8 million gallons of water daily, sparking concerns among local residents. However, a contract for the water supply remains unsecured.
The company has also been the focus of various analyst notes. Stifel analysts maintained a Buy rating on Tesla shares, raising their price target to $492 due to the company’s promising growth outlook. This anticipation is partly due to the upcoming rollout of Tesla’s "Model 2", expected to attract significant demand. New Street Research upgraded Tesla from Neutral to Buy, setting a $460 price target, citing the progress in Tesla’s Full Self-Driving (FSD) technology and upcoming lower-cost models as key growth drivers.
On the contrary, Truist Securities adjusted its price target on Tesla stock to $351 from $360, maintaining a Hold rating, following lower than expected fourth-quarter deliveries and production figures. Despite these challenges, the firm maintains a stable outlook for Tesla. These are some of the recent developments for Tesla.
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