Tencent Holdings Ltd. Picked Up Tesla Inc. (NASDAQ:TSLA) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more


Guess Who Just Picked Up Egalet Corp. (NASDAQ:EGLT) ...
CRYO American CryoStem Corp Continues, but is it tim...
Celgene Corp /de/ Picked Up Alliqua Biomedical Inc. ...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tesla Inc. (NASDAQ:TSLA) reported that Tencent Holdings Ltd. has picked up 8,167,544 of common stock as of 2017-03-28.

The acquisition brings the aggregate amount owned by Tencent Holdings Ltd. to a total of 8,167,544 representing a 5.0% stake in the company.

For those not familiar with the company, 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. The automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. As of December 31, 2016, the Company produced and sold two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.

A glance at Tesla Inc. (NASDAQ:TSLA)’s key stats reveals a current market capitalization of 46.56 Billion based on 162.90 Million shares outstanding and a price at last close of $278.50 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-17, Musk picked up 95,420 at a purchase price of $262.00. This brings their total holding to 33,599,088 as of the date of the filing.

On the sell side, the most recent transaction saw Musk unload 300 shares at a sale price of $254.62. This brings their total holding to 168,046.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tesla Inc. (NASDAQ:TSLA) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.




Stay in the lopp :

Here's Who Just Picked Up Entellus Medical In...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Entellus Medical Inc. (NASDAQ:ENTL) reported that Discovery Group I, Llc.
FRMO Corp has OVER 40% Gains in Just 3 Days, ...

FRMO (OTCMKTS:FRMO) FRMO Corp has solid gains on massive Volume in just 3 days, but why?

We are going to attempt to explain why share prices
FFHD Making Investors Happy
In recent news, FirstAtlantic Financial Holdings (OTCQX: FFHD) or First Atlantic Bank has experienced an uptick in volume. FFHD is a fully reporting holding company

related post

Skip to content