BI Asset Management Fondsmaeglerselskab A S Has $49.34 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its Tesla stake by 44.7% in the first quarter, selling 107,395 shares and ending with 132,723 shares worth about $49.34 million.
• Other institutional investors also adjusted their positions, and institutional ownership remains high at 66.20% of Tesla’s stock. Insider selling was also notable, including recent sales by CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson.
• Analysts remain mixed but broadly constructive: several firms reiterated or initiated buy ratings, while MarketBeat’s consensus on TSLA is Hold with an average target price of $404.37.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 44.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,723 shares of the electric vehicle producer's stock after selling 107,395 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Tesla were worth $49,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Crestwood Advisors Group LLC increased its holdings in Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after purchasing an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after buying an additional 7,446 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. grew its position in shares of Tesla by 139.3% during the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock worth $9,593,000 after buying an additional 12,417 shares during the period. Finally, Wealthquest Corp bought a new stake in shares of Tesla in the 4th quarter valued at about $1,035,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Royal Bank Of Canada reissued a "buy" rating on shares of Tesla in a research note on Monday, April 27th. The Goldman Sachs Group started coverage on shares of Tesla in a research note on Friday, June 5th. They issued a "buy" rating for the company. Bank of America initiated coverage on shares of Tesla in a report on Wednesday, March 4th. They issued a "buy" rating and a $460.00 target price on the stock. Jefferies Financial Group reissued a "neutral" rating on shares of Tesla in a report on Wednesday, April 22nd. Finally, TD Cowen restated a "buy" rating and issued a $490.00 price objective on shares of Tesla in a research report on Thursday, June 4th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $404.37.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. Corporate insiders own 19.90% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk exercised stock options that lifted his Tesla ownership to 19.9%, reinforcing alignment with shareholders and signaling confidence in the company’s long-term strategy.
• Positive Sentiment: ARK Invest, led by Cathie Wood, bought more Tesla shares, adding to a broader bullish narrative around TSLA as an AI and autonomous-driving leader. Article Title
• Positive Sentiment: Analysts and commentary continue to frame Tesla as more than an EV maker, highlighting its AI, robotaxi, and robotics ambitions, which supports the stock’s premium valuation.
• Neutral Sentiment: Tesla received approval for supervised FSD in Denmark, a modest positive for its European rollout, but the approval is still limited and does not remove broader regulatory hurdles.
• Negative Sentiment: Reuters reported that Sweden may push back against Tesla’s supervised self-driving rollout in Europe unless speed-limit behavior is changed, creating a potential roadblock for FSD expansion. Article Title
• Negative Sentiment: Additional reports flagged “fresh FSD roadblock” concerns in Europe, keeping investor focus on regulatory risk rather than near-term software monetization.

Tesla Stock Performance

Shares of TSLA stock opened at $400.49 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52 week low of $288.77 and a 52 week high of $498.83. The company's 50 day moving average price is $403.33 and its two-hundred day moving average price is $415.15. The company has a market capitalization of $1.50 trillion, a P/E ratio of 367.42, a price-to-earnings-growth ratio of 16.01 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. On average, analysts expect that Tesla, Inc. will post 1.19 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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