Tesla (NASDAQ:TSLA) announced its earnings results on Wednesday. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.12) by $0.08, Briefing.com reports. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. Tesla’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.69) EPS.
Shares of Tesla (NASDAQ:TSLA) traded down $11.43 during trading hours on Thursday, hitting $333.57. The company’s stock had a trading volume of 3,365,678 shares, compared to its average volume of 5,542,226. Tesla has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The stock has a market capitalization of $56,130.00, a price-to-earnings ratio of -39.02 and a beta of 0.97. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.
In other news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $302.31, for a total transaction of $524,810.16. Following the completion of the sale, the vice president now owns 1,736 shares of the company’s stock, valued at $524,810.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the sale, the vice president now directly owns 21,528 shares of the company’s stock, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. Insiders have sold 11,967 shares of company stock valued at $3,817,242 in the last 90 days. Company insiders own 23.10% of the company’s stock.
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Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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