Wrapmanager Inc. Trims Stock Position in Tesla, Inc. $TSLA

Wrapmanager Inc. cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,994 shares of the electric vehicle producer’s stock after selling 1,491 shares during the quarter. Tesla comprises about 1.2% of Wrapmanager Inc.’s investment portfolio, making the stock its 23rd biggest holding. Wrapmanager Inc.’s holdings in Tesla were worth $3,595,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp lifted its position in Tesla by 0.3% during the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares during the period. Capital World Investors lifted its position in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the period. Jennison Associates LLC lifted its position in 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 buying an additional 3,021,550 shares during the period. Finally, Franklin Resources Inc. lifted its position in Tesla by 5.8% during the third quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer’s stock worth $2,996,118,000 after buying an additional 368,493 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Truist Financial reduced their target price on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Bank of America assumed coverage on Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. China Renaissance dropped their price target on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $395.20.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 83,213 shares of company stock valued at $32,201,105. Insiders own 19.90% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $417.85 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 1 year low of $273.21 and a 1 year high of $498.83. The firm has a market cap of $1.57 trillion, a P/E ratio of 383.35, a price-to-earnings-growth ratio of 16.48 and a beta of 1.79. The stock has a 50-day simple moving average of $387.39 and a 200-day simple moving average of $416.85.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving software is now available in China, a potentially important growth driver for software revenue and a boost to its autonomous-driving narrative.
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s deeper involvement in Musk’s broader AI and space ecosystem, including speculation about future strategic ties with SpaceX.
• Neutral Sentiment: Cathie Wood praised Tesla’s Model S as the spark for Musk’s AI, robotics, and space ambitions, but the commentary is more narrative-driven than a direct business catalyst.
• Neutral Sentiment: Ford’s announced Europe EV expansion and Waymo’s operational pauses underscore intensifying competition in autonomy and EVs, but these are indirect pressures rather than Tesla-specific events.
• Negative Sentiment: Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, raising safety and regulatory concerns.
• Negative Sentiment: Reports that Tesla raised some Model Y prices while analysts warn of a larger demand problem add to worries about near-term sales momentum.
• Negative Sentiment: Multiple articles suggest the SpaceX IPO could distract Elon Musk and shift investor focus away from Tesla, which may pressure TSLA sentiment.

Tesla 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.