Tesla, Inc. $TSLA Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 54.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,106 shares of the electric vehicle producer’s stock after selling 14,365 shares during the period. Generate Investment Management Ltd’s holdings in Tesla were worth $4,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Networth Advisors LLC acquired a new position in Tesla in the 4th quarter valued at about $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Prism Advisors Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Tesla in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s European registrations more than doubled in May, suggesting a rebound in demand in a major EV market. Tesla Auto Registrations in Europe Gain in May, Other Makers Mixed
• Positive Sentiment: Tesla and NatPower agreed to the first phase of a battery-storage partnership that could become a multi-billion-dollar project. NatPower, Tesla reach deal on first phase of $5 billion battery storage plan
• Positive Sentiment: Tesla’s “Megapod” trademark filing fueled speculation that it could expand further into AI infrastructure. Tesla Shares Surge After Megapod Trademark Filing
• Neutral Sentiment: Analysts are debating Tesla’s near-term delivery outlook ahead of Q2 results, with mixed expectations. Here’s What UBS and Baird Expect from Tesla’s Q2 Deliveries
• Negative Sentiment: U.S. regulators opened a new investigation into a fatal Texas crash involving a Tesla vehicle, renewing safety concerns around Autopilot/FSD. Finland may approve Tesla’s supervised self-driving software before EU vote
• Negative Sentiment: Several articles argued Tesla’s rally is vulnerable because expectations for robotaxis, AI, and other future growth may be too optimistic relative to current fundamentals. Tesla: An Optimistic Or Unrealistic Forecast May Not Sustain Shares Forever

Analyst Ratings Changes

Several research firms have issued reports on TSLA. Roth Mkm reissued a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. Jefferies Financial Group upped their price target on Tesla from $350.00 to $375.00 and gave the company a “hold” rating in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a report on Monday, June 1st. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $405.06.

Tesla Trading Down 5.8%

TSLA opened at $381.61 on Wednesday. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The business has a fifty day simple moving average of $405.18 and a 200-day simple moving average of $414.53. The firm has a market cap of $1.43 trillion, a P/E ratio of 350.10, a P/E/G ratio of 16.19 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% 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. Insiders have sold 57,824 shares of company stock worth $21,657,588 over the last quarter. Insiders own 19.90% of the company’s stock.

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.