Forum Financial Management LP Reduces Stock Position in Tesla, Inc. $TSLA

Forum Financial Management LP cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 70.9% during the first quarter, HoldingsChannel reports. The firm owned 6,085 shares of the electric vehicle producer’s stock after selling 14,807 shares during the period. Forum Financial Management LP’s holdings in Tesla were worth $2,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. State Street Corp grew its holdings in shares of Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after buying an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares during the period. Capital World Investors raised its position in Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Tesla during the fourth quarter worth $17,128,100,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 on 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 in the company, valued at $18,300,145.89. The trade was 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. Insiders have sold 32,015 shares of company stock worth $12,383,640 over the last 90 days. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $420.60 on Wednesday. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The company has a fifty day simple moving average of $406.47 and a two-hundred day simple moving average of $412.53. 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 market cap of $1.58 trillion, a price-to-earnings ratio of 385.87, a price-to-earnings-growth ratio of 16.37 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced 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. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSLA shares. Mizuho decreased their price target on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. TD Cowen reissued a “buy” rating on shares of Tesla in a report on Monday. DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target on the stock in a research report on Friday, April 24th. Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. Finally, Citigroup restated a “neutral” rating on shares of Tesla in a report on Tuesday, June 16th. Twenty-one research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $403.07.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab milestone boosted sentiment after the company said it has begun testing a production version of the vehicle in Austin, underscoring progress in its robotaxi/autonomy strategy. Tesla Stock (TSLA) Rises on New Cybercab Milestone
• Positive Sentiment: Analysts and traders are increasingly focused on a potential Q2 delivery beat, helped by stronger demand in Europe and China and improving expectations for Tesla’s second-quarter numbers. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Tesla’s ongoing Full Self-Driving improvements, including broader rollout to older cars, are adding to the narrative that the company is making tangible progress in autonomy. TSLA stock rises premarket: Tesla gives millions of older cars a major FSD boost
• Neutral Sentiment: Corgi launched 31 single-stock leveraged ETFs tied to Tesla and other large-cap names, which may increase trading interest but does not change Tesla’s fundamentals. More Bark, More Beta: Corgi Debuts 31 Single-Stock ETFs Covering Nvidia, Tesla And More
• Neutral Sentiment: Tesla is getting more attention from market commentators and model-price updates, but several pieces are essentially valuation commentary rather than new business news. Prediction: This Is Where Tesla’s Price Target Points In 2027
• Negative Sentiment: Michael Burry disclosed new short positions against Tesla, citing concerns tied to an AI bubble, which could weigh on sentiment around the stock. Michael Burry Bets Against Tesla, Nvidia, and Caterpillar as He Warnings of an AI Bubble
• Negative Sentiment: Some analysts still see Tesla’s robotaxi rollout as too small versus competitors and warn that FSD progress must improve significantly before the stock can sustain a major re-rating. Tesla’s Robotaxi Fleet Is Tiny Compared To Waymo—JPMorgan Says That’s By Design

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.