ING Groep NV Sells 438,386 Shares of Tesla, Inc. $TSLA

ING Groep NV decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 53.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,271 shares of the electric vehicle producer’s stock after selling 438,386 shares during the period. Tesla makes up about 1.0% of ING Groep NV’s investment portfolio, making the stock its 18th largest holding. ING Groep NV’s holdings in Tesla were worth $171,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Networth Advisors LLC bought a new stake in shares of Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares in the last quarter. Prism Advisors Inc. bought a new stake in shares of Tesla during the fourth quarter worth $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Tesla during the third quarter worth $30,000. Institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
• Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
• Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
• Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
• Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors

Tesla Stock Performance

Shares of TSLA stock opened at $391.00 on Friday. The stock has a market cap of $1.47 trillion, a P/E ratio of 358.72, a P/E/G ratio of 15.44 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a fifty day moving average price of $395.33 and a two-hundred day moving average price of $416.06. Tesla, Inc. has a one year low of $281.85 and a one year high of $498.83.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSLA shares. China Renaissance lowered their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. HSBC initiated coverage on shares of Tesla in a research report on Monday, April 27th. They set a “buy” rating for the company. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. Finally, President Capital increased their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Twenty-two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $404.37.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents 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. In the last quarter, insiders sold 55,218 shares of company stock valued at $20,609,455. Corporate insiders own 19.90% of the company’s stock.

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.