Rep. Josh Gottheimer Sells Off Shares of Tesla, Inc. (NASDAQ:TSLA)

08 Mar 2025, 17:46 by Scott Moore · The Cerbat Gem

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Tesla, Inc. (NASDAQ:TSLA). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tesla stock on February 14th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/28/2025.
Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/28/2025.
Sold $1,001 – $15,000 in shares of Block (NYSE:XYZ) on 2/27/2025.
Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/27/2025.
Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/27/2025.
Sold $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 2/27/2025.
Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/26/2025.
Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 2/26/2025.
Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/26/2025.
Sold $1,001 – $15,000 in shares of Vertiv (NYSE:VRT) on 2/25/2025.

Tesla Trading Down 0.3 %

TSLA traded down $0.78 on Friday, reaching $262.67. 102,166,241 shares of the company traded hands, compared to its average volume of 82,497,328. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a fifty day simple moving average of $367.78 and a two-hundred day simple moving average of $318.03. The company has a market cap of $844.88 billion, a P/E ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,672 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 422,452 shares of company stock valued at $153,659,530 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

A number of large investors have recently added to or reduced their stakes in the stock. Hengehold Capital Management LLC raised its position in Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock worth $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI grew its holdings in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock worth $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock worth $1,136,000 after buying an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in shares of Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after buying an additional 25 shares in the last quarter. Finally, Vista Finance LLC grew its holdings in shares of Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after buying an additional 25 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TSLA. UBS Group restated a “neutral” rating on shares of Tesla in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America dropped their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley restated a “top pick” rating and set a $430.00 price objective on shares of Tesla in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $327.37.

Check Out Our Latest Analysis on Tesla

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Tesla

(Get Free Report)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.