Tesla Director Sells $1M in TSLA Stock

by William White | August 8, 2014 2:19 pm

Tesla Director Sells $1M in TSLA Stock

Tesla Motors (TSLA[1]) Director Kimbal Musk sold $1 million worth of TSLA stock[2] on Monday.

Tesla185 Tesla Director Sells $1M in TSLA Stock[3]Musk sold 4,287 shares of Tesla stock at the average price of $234.46. The selling of the stock was disclosed with the Securities & Exchange Commission. After the sale, Musk still has 166,435 shares TSLA stock, which is valued at roughly $39 million, reports WKRB.

Tesla’s lastest earnings report had it beating analysts’ estimates by 7 cents with earnings per share of 11 cents. It also reported revenue of $857.50 million for that quarter, WKRB notes.

Pacific Crest recently initiated coverage of Tesla and set a target price of $316 for its stock[4].

TSLA shares were down 1% as of Friday afternoon.

More Tesla (TSLA) News

Endnotes:
  1. TSLA: /stock-quotes/TSLA-stock-quote/
  2. $1 million worth of TSLA stock: http://www.wkrb13.com/markets/352036/insider-selling-tesla-motors-director-unloads-4287-shares-of-stock-tsla/
  3. [Image]: http://investorplace.com/wp-content/uploads/2012/03/Tesla185.jpg
  4. set a target price of $316 for its stock: http://tickerreport.com/banking-finance/270453/tesla-motors-coverage-initiated-by-analysts-at-pacific-crest-tsla/

Source URL: http://investorplace.com/2014/08/tsla-tesla-18/
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