1,660 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Cloud Capital Management LLC

Cloud Capital Management LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,660 shares of the electric vehicle producer's stock, valued at approximately $430,000.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Argentarii LLC raised its stake in shares of Tesla by 215.3% during the first quarter. Argentarii LLC now owns 3,661 shares of the electric vehicle producer's stock worth $949,000 after acquiring an additional 2,500 shares in the last quarter. Jackson Wealth Management LLC boosted its stake in shares of Tesla by 109.6% in the 1st quarter. Jackson Wealth Management LLC now owns 2,169 shares of the electric vehicle producer's stock valued at $562,000 after purchasing an additional 1,134 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Tesla by 3.0% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 4,395 shares of the electric vehicle producer's stock valued at $1,139,000 after purchasing an additional 128 shares during the last quarter. Compass Wealth Management LLC raised its position in Tesla by 360.0% in the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock worth $30,000 after purchasing an additional 90 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its stake in Tesla by 2.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 5,664 shares of the electric vehicle producer's stock worth $1,468,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several analyst reports. Barclays decreased their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Mizuho lifted their price target on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Morgan Stanley reissued an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research note on Friday, June 6th. Benchmark restated a "buy" rating and issued a $475.00 target price (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Finally, HSBC restated a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a research report on Thursday. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $301.60.

Tesla Price Performance

TSLA opened at $313.56 on Friday. The firm has a market cap of $1.01 trillion, a PE ratio of 172.29, a P/E/G ratio of 9.17 and a beta of 2.39. The stock has a 50-day moving average price of $320.93 and a 200-day moving average price of $325.13. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,564 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the completion of the transaction, the chief financial officer owned 5,924 shares of the company's stock, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 833,509 shares of company stock worth $278,648,925. Insiders own 20.70% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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