Tesla, Inc. $TSLA Stock Position Increased by TIAA Trust National Association

TIAA Trust National Association lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 30.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 117,812 shares of the electric vehicle producer’s stock after buying an additional 27,806 shares during the quarter. TIAA Trust National Association’s holdings in Tesla were worth $52,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Omnitrust Wealth Management Inc bought a new stake in shares of Tesla in the 4th quarter worth $416,000. 1776 Wealth LLC grew its holdings in shares of Tesla by 0.8% in the 4th quarter. 1776 Wealth LLC now owns 21,026 shares of the electric vehicle producer’s stock worth $9,456,000 after acquiring an additional 172 shares during the last quarter. LeClair Wealth Partners LLC grew its holdings in shares of Tesla by 4.4% in the 4th quarter. LeClair Wealth Partners LLC now owns 2,032 shares of the electric vehicle producer’s stock worth $914,000 after acquiring an additional 86 shares during the last quarter. Erste Asset Management GmbH grew its holdings in shares of Tesla by 205.5% in the 4th quarter. Erste Asset Management GmbH now owns 39,883 shares of the electric vehicle producer’s stock worth $18,319,000 after acquiring an additional 26,829 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Tesla by 9.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 405,458 shares of the electric vehicle producer’s stock worth $182,343,000 after acquiring an additional 36,507 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSLA. HSBC began coverage on Tesla in a report on Monday, April 27th. They issued a “buy” rating on the stock. Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a report on Friday. The Goldman Sachs Group began coverage on Tesla in a report on Friday. They issued a “buy” rating on the stock. President Capital lifted their target price on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Twenty-two research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $404.37.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The stock was 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 of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 on 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 sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 55,218 shares of company stock valued at $20,609,455. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $408.95 on Tuesday. Tesla, Inc. has a 1-year low of $281.85 and a 1-year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 375.18, a P/E/G ratio of 15.44 and a beta of 1.80. The stock’s fifty day simple moving average is $396.07 and its 200-day simple moving average is $416.17.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share 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 for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, sell-side analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: JPMorgan sharply raised its price target on Tesla and reversed part of its bearish stance, citing the company’s “physical AI” potential and long-term optionality beyond auto sales. Tesla Stock Has One Less Sell Rating. J.P. Morgan Raises Its Price Target by 228%.
• Positive Sentiment: Reports tied to SpaceX’s IPO and speculation about a possible Tesla-SpaceX connection are drawing investor attention to Elon Musk’s broader ecosystem, adding momentum to TSLA sentiment. Tesla Stock (TSLA) Rises as SpaceX IPO Nears
• Positive Sentiment: Tesla’s China retail sales reportedly jumped 22% in May, with exports also surging, reinforcing signs of improving demand in a key market. Tesla China Retail Sales Jump 22%. The Stock Is Bouncing.
• Positive Sentiment: Coverage highlighting Tesla’s robotaxi progress and autonomous-driving milestones is supporting the view that self-driving and AI could be major future growth drivers. Tesla Robotaxi takes a big step toward Elon Musk’s ultimate vision
• Neutral Sentiment: Several articles are focused on Tesla’s valuation, including whether the stock is over- or undervalued, which may keep debate high but does not add a clear fundamental catalyst. Tesla: 190x P/E Ratio Reexamined
• Neutral Sentiment: Commentary about a potential merger with SpaceX is speculative for now and may be fueling trading activity more than changing Tesla’s fundamentals. Will SpaceX Merge With Tesla? Here’s What Prediction Markets Say.
• Negative Sentiment: Some market commentary is reminding investors that Tesla still trades at a very elevated valuation, which could cap further upside if growth expectations cool. Tesla Sales in China Are Popping, But That Means Nothing If You Can’t Stomach TSLA Stock’s Absurd P/E Ratio

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.