Viewpoint Capital Management LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 86.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,454 shares of the electric vehicle producer’s stock after selling 16,194 shares during the quarter. Viewpoint Capital Management LLC’s holdings in Tesla were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter worth $26,000. Davidson Capital Management Inc. lifted its position 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 acquiring an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of Tesla in the third quarter worth about $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in Tesla during the 3rd quarter valued at approximately $31,000. 66.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on TSLA. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Thursday, June 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tesla in a report on Wednesday. Mizuho dropped their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Friday, June 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $405.06.
Tesla Stock Down 1.6%
Shares of TSLA opened at $375.53 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The stock has a market capitalization of $1.41 trillion, a price-to-earnings ratio of 344.52, a price-to-earnings-growth ratio of 15.25 and a beta of 1.80. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83. The business’s 50 day simple moving average is $405.64 and its 200-day simple moving average is $413.97.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla announced new battery-storage partnerships with NatPower in Europe, including a multi-year plan to deploy more than 25 GWh across Italy and the U.K., reinforcing its energy-storage growth opportunity. Tesla NatPower strike battery storage deal in Italy, UK
- Positive Sentiment: Tesla’s energy business got more attention after a Sunrun partnership was announced to help power AI data centers, highlighting Tesla’s role in large-scale distributed energy solutions. Solar Stock Soars On Power Pact With Tesla For AI Data Centers
- Neutral Sentiment: Analysts and investors are watching Tesla’s upcoming second-quarter delivery report closely, since it could reset expectations for demand after a difficult first half of the year. Tesla Stock: Q2 Deliveries in Focus, but Do They Matter? UBS Weighs In
- Neutral Sentiment: JPMorgan reaffirmed a neutral rating on Tesla, suggesting Wall Street remains cautious while waiting for clearer evidence on growth and margins. Tesla had its “neutral” rating reaffirmed by JPMorgan Chase & Co.
- Negative Sentiment: Tesla faces a fresh NHTSA investigation and a lawsuit tied to a fatal Texas crash involving its driver-assistance technology, adding regulatory and legal overhang to the stock. Tesla sued over fatal Texas crash linked to Autopilot
- Negative Sentiment: Several commentaries highlighted growing skepticism around Tesla’s recent weakness, with concerns about technical damage, global EV price wars, and broader market pressure on high-multiple tech stocks. Tesla stock slips as investors eye deliveries data and SpaceX merger buzz
Insiders Place Their Bets
In related 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 transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing 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 Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents 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. Insiders sold a total of 57,824 shares of company stock valued at $21,657,588 over the last three months. Corporate insiders own 19.90% of the company’s stock.
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.
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