Tesla, Inc. $TSLA Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 205.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 39,883 shares of the electric vehicle producer’s stock after buying an additional 26,829 shares during the period. Erste Asset Management GmbH’s holdings in Tesla were worth $18,319,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. grew its holdings 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 valued at $27,000 after buying an additional 27 shares during the last quarter. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the third quarter valued at $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.

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

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value 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 represents a 14.21% decrease in their position. The transaction was disclosed in a legal filing 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 the 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 completion of the sale, the director 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 quarter, insiders sold 55,218 shares of company stock valued at $20,609,455. 19.90% of the stock is owned by insiders.

Tesla Stock Up 4.6%

TSLA opened at $408.95 on Tuesday. Tesla, Inc. has a twelve month low of $281.85 and a twelve month 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 company has a 50-day moving average price of $396.07 and a 200 day moving average price of $416.17. The company has a market cap of $1.54 trillion, a PE ratio of 375.18, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Tesla in a report on Monday, June 1st. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a report on Friday. Phillip Securities lowered their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Wednesday, May 13th. Finally, China Renaissance lowered their price target on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Twenty-two investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $404.37.

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.