MML Investors Services LLC grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364,557 shares of the electric vehicle producer’s stock after purchasing an additional 26,534 shares during the period. MML Investors Services LLC’s holdings in Tesla were worth $163,949,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Networth Advisors LLC acquired a new position in shares of Tesla in the fourth quarter valued at about $26,000. Davidson Capital Management Inc. increased its holdings in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the third quarter valued at about $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla in the fourth quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the third quarter valued at about $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Price Performance
Tesla stock opened at $406.43 on Monday. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 372.87, a price-to-earnings-growth ratio of 16.25 and a beta of 1.80. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The business’s 50-day moving average price is $398.35 and its 200 day moving average price is $416.00. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.
Insider Activity
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 that occurred 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 completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by corporate insiders.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
- Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
- Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
- Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
- Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
- Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Thursday. Finally, President Capital raised 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. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $404.37.
Read Our Latest Research Report on Tesla
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.
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