Capital World Investors lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,484,452 shares of the electric vehicle producer’s stock after selling 1,551,497 shares during the quarter. Tesla comprises 2.6% of Capital World Investors’ investment portfolio, making the stock its 6th biggest holding. Capital World Investors’ holdings in Tesla were worth $19,106,497,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the 4th 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 last quarter. Prism Advisors Inc. purchased a new stake in Tesla in the 4th quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Tesla in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on TSLA. BTIG Research downgraded shares of Tesla to a “neutral” rating in a research report on Friday. China Renaissance reduced their price target on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Erste Group Bank raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $404.37.
Insiders Place Their Bets
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 55,218 shares of company stock worth $20,609,455. Corporate insiders own 19.90% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
- Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
- Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
- Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
- Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
- Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors
Tesla Stock Performance
NASDAQ:TSLA opened at $391.00 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a fifty-two week low of $281.85 and a fifty-two week high of $498.83. The stock has a market cap of $1.47 trillion, a PE ratio of 358.72, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80. The firm’s fifty day simple moving average is $395.33 and its 200-day simple moving average is $416.06.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.
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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