Forum Financial Management LP Reduces Stake in Tesla, Inc. $TSLA

Key Points

• Forum Financial Management LP cut its Tesla stake by 70.9% in the first quarter, selling 14,807 shares and ending with 6,085 shares valued at about $2.26 million.
• Tesla continues to draw mixed sentiment from Wall Street: analysts cite positive momentum in Cybercab, Full Self-Driving, and delivery expectations, while others warn the robotaxi rollout is still too small and Michael Burry disclosed new short positions against the stock.
• Analyst ratings remain split but cautious overall, with 21 Buy, 20 Hold, and 4 Sell ratings and a consensus target price of $403.07; Tesla also reported Q1 EPS of $0.41, beating estimates, though revenue came in below expectations.

Forum Financial Management LP lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 70.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,085 shares of the electric vehicle producer's stock after selling 14,807 shares during the quarter. Forum Financial Management LP's holdings in Tesla were worth $2,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Networth Advisors LLC bought a new position in Tesla in the fourth quarter worth approximately $26,000. Davidson Capital Management Inc. grew its position in shares of Tesla by 79.4% during the 4th 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 during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla in the 3rd quarter worth $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla in the 4th quarter worth $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in Tesla in the 3rd quarter worth $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab milestone boosted sentiment after the company said it has begun testing a production version of the vehicle in Austin, underscoring progress in its robotaxi/autonomy strategy. Tesla Stock (TSLA) Rises on New Cybercab Milestone
• Positive Sentiment: Analysts and traders are increasingly focused on a potential Q2 delivery beat, helped by stronger demand in Europe and China and improving expectations for Tesla’s second-quarter numbers. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Tesla’s ongoing Full Self-Driving improvements, including broader rollout to older cars, are adding to the narrative that the company is making tangible progress in autonomy. TSLA stock rises premarket: Tesla gives millions of older cars a major FSD boost
• Neutral Sentiment: Corgi launched 31 single-stock leveraged ETFs tied to Tesla and other large-cap names, which may increase trading interest but does not change Tesla’s fundamentals. More Bark, More Beta: Corgi Debuts 31 Single-Stock ETFs Covering Nvidia, Tesla And More
• Neutral Sentiment: Tesla is getting more attention from market commentators and model-price updates, but several pieces are essentially valuation commentary rather than new business news. Prediction: This Is Where Tesla’s Price Target Points In 2027
• Negative Sentiment: Michael Burry disclosed new short positions against Tesla, citing concerns tied to an AI bubble, which could weigh on sentiment around the stock. Michael Burry Bets Against Tesla, Nvidia, and Caterpillar as He Warnings of an AI Bubble
• Negative Sentiment: Some analysts still see Tesla’s robotaxi rollout as too small versus competitors and warn that FSD progress must improve significantly before the stock can sustain a major re-rating. Tesla’s Robotaxi Fleet Is Tiny Compared To Waymo—JPMorgan Says That’s By Design

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler reissued an "overweight" rating on shares of Tesla in a report on Wednesday, June 10th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Tesla in a research note on Monday, June 1st. BTIG Research downgraded Tesla to a "neutral" rating in a research note on Friday, June 5th. Canaccord Genuity Group increased their target price on shares of Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Finally, Mizuho decreased their target price on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating on the stock in a research note on Thursday, April 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $403.07.

Tesla Stock Up 2.1%

TSLA opened at $420.60 on Wednesday. The company has a market capitalization of $1.58 trillion, a PE ratio of 385.87, a price-to-earnings-growth ratio of 16.37 and a beta of 1.80. The firm has a 50-day simple moving average of $406.47 and a two-hundred day simple moving average of $412.53. 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 52 week low of $288.77 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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 return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company's stock.

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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