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Tesla, Inc. (NASDAQ:TSLA), the $954.3 billion market cap electric vehicle leader, saw its Chief Financial Officer Vaibhav Taneja sell a total of $1.77 million in company stock on July 7 and 8, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, involved multiple transactions with prices ranging from $289.948 to $300, occurring just weeks before the company’s scheduled earnings release on July 23.
On July 7, Taneja sold 193 shares of Tesla common stock at prices between $289.500 and $290.430, 400 shares at prices ranging from $290.510 to $291.450, 1,100 shares at prices between $291.620 and $292.270, 1,200 shares at prices ranging from $292.720 to $293.590, 907 shares at prices ranging from $293.910 to $294.810, and 200 shares at prices between $295.040 and $295.310. On July 8, Taneja sold 2,000 shares at $300. According to InvestingPro, Tesla’s stock has shown significant volatility, with 16 key financial insights available to subscribers.
On July 7 and 8, Taneja also exercised options to acquire a total of 6,000 shares of Tesla common stock at a price of $18.22, for a total value of $109,320.
Following these transactions, Taneja directly owns 5,923.50 shares of Tesla. Additionally, Taneja indirectly owns 111,000 shares. 55,500 of these shares are held in grantor retained annuity trusts (GRATs) for which Taneja serves as trustee, and 55,500 shares are held in GRATs for which Taneja’s spouse serves as trustee.
In other recent news, Tesla reported delivering 384,000 vehicles in the second quarter of 2025, aligning with consensus expectations but falling short of the previous year’s figures. The company also produced 410,244 vehicles, which was below analyst projections. Tesla’s energy storage sales reached 9.6 GWh, slightly below analyst expectations. RBC Capital raised its price target for Tesla to $319, maintaining an Outperform rating, while Cantor Fitzgerald reiterated its Overweight rating with a $355 price target. RBC Capital forecasts automotive gross margins at 13.7% for the quarter, slightly above consensus estimates. Tesla’s UK sales rose by 12% in June, driven by the introduction of the updated Model Y. Additionally, Schwab reported that Tesla topped retail investor purchases in June, partly due to interest in its robotaxi initiative.
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