Conning Inc. Sells 1,799 Shares of Tesla, Inc. $TSLA

Conning Inc. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,870 shares of the electric vehicle producer’s stock after selling 1,799 shares during the period. Conning Inc.’s holdings in Tesla were worth $6,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Networth Advisors LLC bought a new position in Tesla during the 4th quarter valued at approximately $26,000. Davidson Capital Management Inc. increased its position in 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 in the last quarter. Turning Point Benefit Group Inc. bought a new position in Tesla during the 3rd quarter valued at approximately $30,000. Manning & Napier Advisors LLC bought a new position in Tesla during the 3rd quarter valued at approximately $29,000. Finally, Prism Advisors Inc. purchased a new stake in Tesla during the 4th quarter valued at $30,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,213 shares of company stock worth $30,851,105. Company insiders own 19.90% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received fresh momentum from reports that it was authorized to test supervised self-driving software in Belgium, reinforcing the bullish case for its autonomy roadmap. Reuters: Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: Investor optimism also improved after Tesla-related articles highlighted stronger China FSD hopes, a new easy-loan incentive for Chinese buyers, and broader enthusiasm around the robotaxi and Optimus narratives. TipRanks: Tesla Gives Chinese EV Drivers an ‘Easy Loan’ Incentive
• Positive Sentiment: Tesla’s Berlin expansion plan and a KBRA preliminary rating on its sustainable energy ABS deal support the view that the company is still investing in manufacturing and energy financing growth. Zacks: Can Tesla’s $250M Berlin Expansion Strengthen Its EV Lead?
• Neutral Sentiment: UBS raised its price target to $364 but kept a Neutral rating, while Barclays reiterated Neutral and Phillip Securities kept a Sell rating, signaling mixed Wall Street views rather than a clear catalyst. MarketScreener: UBS raises Tesla price target
• Neutral Sentiment: Media coverage around Elon Musk’s China trip, Trump’s delegation, and comparisons with rivals like Ford and BYD added noise, but the biggest investor takeaway is still Tesla’s AI/autonomy upside versus execution risk. Invezz: Why Tesla stock is jittery as Elon Musk visits Beijing
• Negative Sentiment: On the bearish side, Tesla faced fresh skepticism from analysts and bearish commentary about valuation, plus criticism that rivals are advancing on certain AI and EV features, which could cap upside if execution slows. TipRanks: Tesla AI Falters Against Rivian

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho cut their target price on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. HSBC assumed coverage on Tesla in a research note on Monday, April 27th. They set a “buy” rating on the stock. Benchmark reiterated a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Tuesday, April 21st. Finally, Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $395.20.

Tesla Stock Performance

TSLA stock opened at $443.30 on Friday. The company has a market cap of $1.66 trillion, a P/E ratio of 406.70, a price-to-earnings-growth ratio of 17.56 and a beta of 1.79. Tesla, Inc. has a 1 year low of $273.21 and a 1 year high of $498.83. 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 stock’s fifty day moving average price is $386.08 and its 200-day moving average price is $418.25.

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

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.