Vaibhav Taneja, Chief Financial Officer of Tesla, Inc., reported the sale of common stock totaling $1,350,000 on May 13, 2026. The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission on May 15, 2026.
Mr. Taneja sold 3,000 shares of Tesla common stock at $450 per share. These sales were part of a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. Approximately 1,337 shares were used to cover tax withholding obligations related to stock option exercises.
Concurrently, Mr. Taneja acquired 3,000 shares through non-qualified stock option exercises at prices ranging from $18.22 to $18.44 per share, totaling $54,880. These exercises were also executed under the same Rule 10b5-1 trading plan.
Following these transactions, Mr. Taneja directly holds 18,106.5 shares and indirectly holds 111,000 shares, including those in Grantor Retained Annuity Trusts (GRATs).
In other news, Tesla announced a $250 million investment to expand battery cell production at its Berlin facility from 8 GWh to 18 GWh annually. Barclays reiterated its Equalweight rating on Tesla with a $360 price target.
