Tesla major shareholder Baillie Gifford cuts TSLA stake in ‘enforced’ reduction

Filings with the Securities and Exchange Commission have revealed that Edinburgh-based investment house Baillie Gifford, one of Tesla’s (NASDAQ:TSLA) largest institutional investors, has cut its stake in the company by 5% at the end of August. According to the investment firm, what transpired was an “enforced” reduction due to the sharp spike that TSLA stock […]

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Tesla’s (TSLA) stock split and how it has burned short sellers

Tesla’s (NASDAQ: TSLA) price adjustment from its stock split took effect yesterday, and short-sellers are feeling the heat from the company’s surge in price once again. Tesla shares rallied 12% on the first day of post-split trading after the trading volume was well above its daily average, with 115.6 million pieces of stock trading hands. […]

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Tesla to sell $5 billion in TSLA stock amid monster rally, SEC filings reveal

Recent filings with the Securities and Exchange Commission have revealed that Tesla (NASDAQ:TSLA) will be selling up to $5 billion in stock. According to the SEC filings, which were posted on Tuesday, the additional shares will be sold “from time to time” and “at-the-market” prices.  Several financial institutions are involved in Tesla’s initiative. Among these […]

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How Tesla (TSLA) took advantage of the retail investing boom

Tesla (NASDAQ: TSLA) stock has split 5:1. With its increased volume of shares, the price has adjusted accordingly, making its stock more available to retail investors who have become more prevalent and populous during 2020. TSLA stock officially adjusted in price on Monday, August 31, 2020, and are now available for $442.68 per share. The […]

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Tesla (TSLA) gets first post-split PT increase from Argus, citing resilience and growth

Tesla (NASDAQ: TSLA) received its first post-split price target increase today after Argus Research hiked its outlook for the electric automaker to $566 from $378. The price target adjustment comes after TSLA shares had their prices adjusted this morning following the planned split, which Tesla announced on August 11th. Before the split occurred on August […]

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Tesla (TSLA) stock adjusts in price following 5:1 split

Tesla (NASDAQ: TSLA) stock has officially split and had its trading price adjusted on August 31st, 2020. Tesla shares are now trading at $442.68, although they were trading at $2,213.40 per share on Friday afternoon. The split is intended to bring on a variety of new, individual, and young investors. They will now be able […]

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Tesla’s (TSLA) Monday stock split isn’t changing ARK’s price target

Tesla (NASDAQ: TSLA) will perform its 5:1 stock split on Monday, where the price will be adjusted from its $2,213.40 price per share at the closing bell on Friday. Although the price will be reduced by 80%, ARK Invest isn’t changing its outlook for the future of the electric car company. “The long term story […]

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Tesla (TSLA) hits market cap of $420B, posts over 420% gain since start of 2020

In what could only be described as the perfect setup for its 5-for-1 stock split, Tesla stock (NASDAQ:TSLA) managed to hit a market cap of $420 billion. With such a move, the electric car maker led by serial entrepreneur, visionary, perennial optimist, and memelord Elon Musk, has also risen over 420% since the beginning of […]

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Tesla (TSLA) reaches new record valuation after highest close to date

Tesla (NASDAQ: TSLA) reached a market valuation of over $400 billion after gaining an additional 6.42% in stock price during trading on Wednesday. It marks the first time the electric automaker’s market capitalization topped $400 billion after it closed at a record high of $2,153.17. The company traded as high as $2,166 during trading on […]

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Tesla (TSLA) Battery Day anticipation increases Jefferies’ price target

Tesla (NASDAQ: TSLA) has received another price target increase due to its highly-anticipated Battery Day event on September 22. Philippe Houchois of Jefferies more than doubled his price target for the electric automaker’s stock, from $1,200 to $2,500. Houchois also maintained his “Buy” rating for the stock after he raised his 2020 Earnings Before Interest […]

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