Modus Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 85.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,091 shares of the electric vehicle producer’s stock after acquiring an additional 1,425 shares during the quarter. Modus Advisors LLC’s holdings in Tesla were worth $1,390,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of TSLA. Networth Advisors LLC acquired a new position in Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new position in Tesla in the second quarter valued at approximately $26,000. Davidson Capital Management Inc. lifted its holdings in 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 buying an additional 27 shares during the period. Prism Advisors Inc. acquired a new position in Tesla in the fourth quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Tesla in the third quarter valued at approximately $30,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have commented on TSLA shares. BNP Paribas Exane downgraded shares of Tesla from a “hold” rating to an “underperform” rating in a research note on Friday. Tigress Financial started coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. HSBC started coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Twenty-two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $404.37.
Insider Buying and Selling at Tesla
In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were 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 $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. 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 55,218 shares of company stock valued at $20,609,455 in the last three months. 19.90% of the stock is owned by insiders.
Key Stories Impacting Tesla
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 Down 6.6%
Shares of TSLA stock opened at $391.00 on Friday. The firm has a fifty day moving average of $395.33 and a 200-day moving average of $416.06. 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 12-month low of $281.85 and a 12-month high of $498.83. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 358.72, a P/E/G ratio of 15.44 and a beta of 1.80.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.
Tesla Company 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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