Constant Guidance Financial LLC Acquires Shares of 3,748 Tesla, Inc. $TSLA

Key Points

• Constant Guidance Financial LLC initiated a new position in Tesla, buying 3,748 shares in the fourth quarter worth about $1.69 million. Tesla now represents roughly 1.2% of the fund’s holdings and is its 17th-largest position.
• Institutional interest in Tesla remains high, with several other hedge funds also increasing or starting positions. Overall, about 66.2% of Tesla’s stock is owned by institutional investors and hedge funds.
• Recent Tesla news has been broadly positive, including signs of stronger European sales and continued investor focus on its robotaxi and Optimus opportunities. However, analysts currently rate the stock a Hold on average, with a consensus price target of $395.20.

Constant Guidance Financial LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,748 shares of the electric vehicle producer's stock, valued at approximately $1,686,000. Tesla makes up approximately 1.2% of Constant Guidance Financial LLC's holdings, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baker Avenue Asset Management LP raised its position in shares of Tesla by 16.5% in the 4th quarter. Baker Avenue Asset Management LP now owns 97,025 shares of the electric vehicle producer's stock valued at $43,634,000 after buying an additional 13,713 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of Tesla in the 4th quarter valued at approximately $877,000. Murphy & Mullick Capital Management Corp raised its position in shares of Tesla by 1.9% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 10,955 shares of the electric vehicle producer's stock valued at $4,927,000 after buying an additional 205 shares in the last quarter. Seven Grand Managers LLC acquired a new position in shares of Tesla in the 4th quarter valued at approximately $22,486,000. Finally, Swmg LLC raised its position in shares of Tesla by 2.7% in the 4th quarter. Swmg LLC now owns 2,102 shares of the electric vehicle producer's stock valued at $864,000 after buying an additional 56 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s European sales momentum appears to be improving, with multiple reports citing April registrations up sharply year over year and suggesting the EV business is regaining traction after a long slump. Tesla Logs Strong Growth in European Monthly Sales
• Positive Sentiment: Wall Street is also focusing on Tesla’s robotaxi and Optimus opportunities, with coverage saying a new patent could protect future revenue drivers and that the stock is approaching a technical breakout setup. Tesla Patent Could Protect Two Biggest Future Revenue Drivers: Here's Why 'Lens Cleaning System' May Matter
• Positive Sentiment: Renewed speculation around a possible SpaceX-Tesla tie-up is adding excitement, with reports and commentary suggesting the rumored SpaceX IPO could become a major long-term catalyst for Tesla shareholders. SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq

Tesla Trading Up 1.6%

Shares of NASDAQ TSLA opened at $440.36 on Thursday. 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 $273.21 and a 52-week high of $498.83. The firm has a 50 day moving average price of $390.12 and a two-hundred day moving average price of $416.18. The stock has a market cap of $1.65 trillion, a P/E ratio of 404.00, a price-to-earnings-growth ratio of 17.12 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.39 billion during 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 company's revenue was up 15.8% on a year-over-year basis. As a group, equities analysts forecast that Tesla, Inc. will post 1.2 EPS for the current year.

Insider Activity at Tesla

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 value of $9,985,506.99. Following the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 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 directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 57,482 shares of company stock valued at $21,508,331. Corporate insiders own 19.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TSLA shares. Zacks Research upgraded shares of Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Tesla in a research report on Monday, April 27th. Roth Mkm restated a "buy" rating on shares of Tesla in a research report on Thursday, April 23rd. Barclays restated a "neutral" rating on shares of Tesla in a research report on Wednesday, May 13th. Finally, Mizuho lowered their price objective 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. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $395.20.

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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