Generali Investments Management Co LLC Has $16.32 Million Stake in Tesla, Inc. $TSLA

Key Points

• Generali Investments Management reduced its Tesla stake by 23.2% in the second quarter, selling 11,717 shares and retaining 38,814 shares worth approximately $16.3 million. Tesla remains its eighth-largest holding and represents 3.5% of its portfolio.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed expectations of $0.50. The stock trades at a notably high price-to-earnings ratio of about 306.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $401.74; Tesla’s CFO also sold 3,000 shares to cover tax obligations, while institutional investors own 66.2% of the stock.

Generali Investments Management Co LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,814 shares of the electric vehicle producer's stock after selling 11,717 shares during the quarter. Tesla comprises about 3.5% of Generali Investments Management Co LLC's portfolio, making the stock its 8th biggest position. Generali Investments Management Co LLC's holdings in Tesla were worth $16,325,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp boosted its stake in Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC increased its stake in Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock valued at $29,426,070,000 after purchasing an additional 375,946 shares in the last quarter. Norges Bank acquired a new position in shares of Tesla during the fourth quarter valued at about $17,128,100,000. Finally, Amundi boosted its position in shares of Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

NASDAQ TSLA opened at $330.88 on Tuesday. The company has a market capitalization of $1.31 trillion, a PE ratio of 306.37, a price-to-earnings-growth ratio of 16.59 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a 50-day simple moving average of $377.06 and a 200 day simple moving average of $392.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm's revenue was up 25.5% compared to the same quarter last year. On average, research analysts predict that Tesla, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Glj Research reiterated a "sell" rating on shares of Tesla in a report on Tuesday, July 21st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a report on Tuesday, July 21st. Truist Financial set a $370.00 target price on shares of Tesla and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Barclays raised their price target on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. Finally, Phillip Securities cut their price target on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $401.74.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on 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 directly owned 18,106 shares of the company's stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale 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. Insiders own 19.90% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly directed about $372 million into Tesla, while a broader technology rally and expectations for long-term AI and autonomy growth have supported demand for the shares. Why Retail Investors Are Flooding Back Into Tesla
• Positive Sentiment: Tesla’s proposed $10.1 billion solar-cell factory in Texas signals a potentially significant expansion of its energy business and could strengthen the company’s longer-term growth narrative beyond vehicle sales. Tesla Files Plans for a $10.1 Billion Solar Factory in Texas
• Positive Sentiment: A six-seat Model Y configuration helped drive Tesla’s strongest July performance in Australia, offering evidence that product variations may expand demand in family-oriented markets. Tesla's New 6-Seat Model Y
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s app, services and charging ecosystem as ways to monetize its installed vehicle base without relying exclusively on new-car sales. Tesla Just Found Another Way to Grow Without Selling a Car

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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