Godfrey Financial Associates Inc. Invests $877,000 in Tesla, Inc. $TSLA

Key Points

• Godfrey Financial Associates opened a new Tesla position in the fourth quarter, buying 1,949 shares valued at about $877,000. Tesla now represents 0.7% of the firm’s portfolio and its 22nd-largest holding.
• Tesla continues to draw heavy institutional interest, with major investors like Vanguard, State Street, and Geode all increasing their stakes. Overall, 66.2% of Tesla shares are held by hedge funds and other institutional investors.
• Recent headlines around Tesla are mostly positive, highlighting improving European sales, optimism around robotaxi and Optimus potential, and speculation about a possible SpaceX-Tesla tie-up as long-term catalysts.

Godfrey Financial Associates Inc. acquired a new position 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 institutional investor acquired 1,949 shares of the electric vehicle producer's stock, valued at approximately $877,000. Tesla makes up 0.7% of Godfrey Financial Associates Inc.'s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Tesla by 2.6% in 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 in the last quarter. State Street Corp increased its stake in Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer's stock worth $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC increased its stake in Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock worth $29,426,070,000 after buying an additional 375,946 shares in the last quarter. Capital World Investors increased its stake in Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Tesla by 5.5% in the 4th quarter. Legal & General Group Plc now owns 20,181,227 shares of the electric vehicle producer's stock worth $9,075,901,000 after buying an additional 1,043,213 shares in the last quarter. 66.20% of the stock is currently 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 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 Stock 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 current ratio of 2.04 and a quick ratio of 1.62. The company has a market cap of $1.65 trillion, a P/E ratio of 404.00, a PEG ratio of 17.12 and a beta of 1.79. Tesla, Inc. has a 1 year low of $273.21 and a 1 year high of $498.83. The firm has a 50-day simple moving average of $390.12 and a two-hundred day simple moving average of $416.18.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. Research analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. This trade 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 available at 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 firm'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 directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSLA. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 price target on shares of Tesla in a research note on Wednesday, April 22nd. UBS Group increased their price target on Tesla from $352.00 to $364.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Mizuho dropped their price objective on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Glj Research reissued a "sell" rating on shares of Tesla in a report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $395.20.

About Tesla

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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