Hanover Advisors Inc. Invests $1.25 Million in Tesla, Inc. $TSLA

Hanover Advisors Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,800 shares of the electric vehicle producer’s stock, valued at approximately $1,245,000. Tesla makes up approximately 0.5% of Hanover Advisors Inc.’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Norges Bank bought a new position in shares of Tesla during the 2nd quarter valued at about $11,839,824,000. Vanguard Group Inc. boosted its stake in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after buying an additional 4,502,976 shares in the last quarter. Amundi grew its position in Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after acquiring an additional 3,422,270 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after acquiring an additional 3,021,550 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Technical/analyst support — Tesla has bounced off key support around the low-$390s and momentum indicators are turning bullish; several firms have reiterated buy ratings with price targets north of $500, which is supporting the rally. Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile
• Positive Sentiment: Fresh buy-side support — New coverage/price-targets (Tigress Financial set a $550 target) give upside narrative that can attract momentum-focused flows. Tigress $550 Price Target Coverage
• Positive Sentiment: Regulatory relief in China — reports that a Chinese watchdog is moving to curb destructive price competition have been cited as a near-term tailwind for Tesla’s pricing and margins in China. Tesla Stock Rises as Chinese Watchdog Moves to Tame Cutthroat Price War
• Neutral Sentiment: Market context — some commentary explains why TSLA can rise even while Big Tech sells off (rotation and idiosyncratic drivers), which helps explain today’s divergence. Why Tesla stock is climbing even as Big Tech sells off
• Neutral Sentiment: Robotics competition note — a congresswoman disclosed a stake in Apptronik (a Tesla humanoid/robotics rival); this highlights competition in Tesla’s broader robotics/“physical AI” story but is not an immediate earnings driver. Congresswoman With Stake In Musk’s xAI Adds Position In Tesla’s Robot Rival Apptronik
• Negative Sentiment: U.S. and China deliveries under pressure — U.S. registrations are estimated down ~17% in January, and separate reports show China deliveries plunged (one report cites a ~45% drop), weighing on near-term revenue growth. Tesla’s January Sales Drop 17%, But Its Market Share May Have Risen
• Negative Sentiment: Competitive pressure in China — Xiaomi’s new YU7 outsold the Model Y in January, a sign of intensifying local competition that could pressure Tesla’s share and pricing in its biggest market. Tesla Rival Xiaomi’s YU7 SUV Overtakes Model Y China Sales In January
• Negative Sentiment: Institutional trimming and investor fatigue — ARK and Primecap reported notable Tesla share reductions, and analysts/commentary note some long-term holders and experienced employees are stepping away, reinforcing valuation and execution concerns. ARK Investment Management Cuts Tesla Stake

Analyst Ratings Changes

TSLA has been the topic of a number of analyst reports. China Renaissance lifted their target price on shares of Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. DZ Bank reiterated a “sell” rating on shares of Tesla in a report on Thursday, January 29th. President Capital dropped their target price on Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a report on Friday, January 30th. Wells Fargo & Company reduced their price target on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Finally, BNP Paribas Exane boosted their price objective on Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. Eighteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $408.09.

Tesla Price Performance

Shares of TSLA stock opened at $417.44 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The firm has a market cap of $1.57 trillion, a P/E ratio of 386.52, a P/E/G ratio of 14.12 and a beta of 1.86. The business’s 50 day moving average price is $444.24 and its 200-day moving average price is $414.03.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 119,457 shares of company stock worth $53,501,145 over the last 90 days. 19.90% of the stock is owned by company insiders.

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.