Tesla, Inc. $TSLA Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,074,771 shares of the electric vehicle producer’s stock after purchasing an additional 370,156 shares during the quarter. Tesla comprises approximately 1.2% of CIBC Asset Management Inc’s portfolio, making the stock its 24th largest holding. CIBC Asset Management Inc’s holdings in Tesla were worth $483,283,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 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 in the last quarter. State Street Corp grew its holdings in Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock valued at $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares during the last quarter. Capital World Investors raised its holdings in shares of Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares during the period. Finally, Norges Bank purchased a new position in shares of Tesla during the 4th quarter worth $17,128,100,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of TSLA opened at $423.74 on Wednesday. The company has a market cap of $1.59 trillion, a P/E ratio of 388.75, a PEG ratio of 16.42 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $392.55 and its 200 day moving average price is $416.03.

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

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Monday, April 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. BNP Paribas Exane upgraded shares of Tesla from an “underperform” rating to a “neutral” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $395.20.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 39.4% in May, extending six straight months of growth and signaling resilience despite intense competition from Chinese automakers. Reuters: Tesla’s Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: Tesla also saw a sharp rebound in several European markets, including a major jump in France registrations and stronger Model Y demand, which supports hopes for a Q2 delivery beat. Reuters: Tesla May registrations jump in several European markets
• Positive Sentiment: Investor optimism improved after Elon Musk highlighted how small Tesla’s IPO valuation was relative to today’s market cap, reinforcing the company’s long-term growth narrative and helping the shares bounce. Yahoo Finance: Tesla’s IPO Was One of the Greatest Ever
• Positive Sentiment: Reports that Estonia cleared Tesla’s FSD driver-assistance system for use could modestly bolster confidence in Tesla’s autonomy roadmap and international acceptance of its software. Insider Monkey: Estonia clears Tesla’s FSD system for use
• Neutral Sentiment: Heavy trading around Tesla’s rumored ties to SpaceX, including speculation about a merger or IPO-related “Musk premium,” is driving volatility but remains highly speculative and not directly tied to Tesla’s fundamentals. Benzinga: What Happens To TSLA If It Merges With SpaceX?
• Neutral Sentiment: News that Tesla withdrew a termination notice on its graphite supply deal with Syrah Resources reduces supply-chain uncertainty, but the issue appears to be settling rather than creating a major new catalyst. Reuters: Tesla withdraws termination notice on graphite supply deal
• Negative Sentiment: Tesla faces rising competition in humanoid robotics and AI, with OpenAI and Nvidia both moving into areas that overlap with Tesla’s Optimus ambitions, raising concern about future growth optionality. Benzinga: Nvidia is taking on Tesla in the humanoid robot race
• Negative Sentiment: Articles warning that a potential SpaceX-Tesla combination could be value-destructive are adding pressure by suggesting the market may be overestimating the “Musk premium” embedded in TSLA. TipRanks: Potential SpaceX and Tesla merger blasted as value destroying
• Negative Sentiment: New concerns about Tesla’s robotaxi program and litigation risk, including scrutiny under Texas legislation and a China FSD lawsuit, could weigh on sentiment around autonomy monetization. Yahoo Finance: Tesla faces China FSD lawsuit

About Tesla

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.