Hartford Funds Management Co LLC Has $1.36 Million Holdings in Tesla, Inc. $TSLA

Key Points

• Hartford Funds Management Co LLC increased its Tesla stake by 134.1% in the fourth quarter, buying 1,733 additional shares and bringing its total holdings to 3,025 shares worth about $1.36 million.
• Institutional interest in Tesla remains substantial, with hedge funds and other investors controlling about 66.2% of the company’s stock, even as some firms have recently reduced positions and insiders have sold shares.
• Tesla’s outlook is being shaped by a mix of positive autonomy and pricing headlines and negative legal/regulatory pressure, while analysts currently maintain a consensus rating of Hold with a price target of $395.20.

Hartford Funds Management Co LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 134.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,025 shares of the electric vehicle producer's stock after buying an additional 1,733 shares during the quarter. Hartford Funds Management Co LLC's holdings in Tesla were worth $1,361,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC increased its position in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after buying an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL increased its position 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 increased its position in Tesla by 5.9% during the fourth 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 last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after acquiring an additional 3,935 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after acquiring an additional 3,724 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla raised Model Y prices in the U.S. for the first time since 2024, which could signal improving pricing power and help support margins if demand holds up. Article Title
• Positive Sentiment: Elon Musk continues to promote Tesla’s autonomy push, saying unsupervised self-driving and robotaxi service could become more widespread later this year, reinforcing the long-term bull case tied to software and AI. Article Title
• Positive Sentiment: XPeng’s robotaxi launch was viewed by some analysts as indirect validation of Tesla’s self-driving strategy, keeping attention on Tesla’s lead in autonomous vehicle development. Article Title
• Neutral Sentiment: Tesla’s $250 million battery expansion in Germany supports its European growth strategy, but the added capital spending also raises the bar for near-term payoff. Article Title
• Negative Sentiment: A court setback for Musk’s OpenAI-related lawsuit adds another headline risk around the CEO’s broader distraction and litigation overhang. Article Title
• Negative Sentiment: Multiple reports said Tesla stock weakened after the Model Y price hike and a separate lawsuit over Full Self-Driving promises succeeded, suggesting investors remain skeptical of Tesla’s near-term fundamentals and autonomy claims. Article Title
• Negative Sentiment: Several articles pointed to mounting scrutiny over robotaxi safety, reported crashes, and growing legal/regulatory pressure, which could weigh on confidence in Tesla’s autonomy timeline. Article Title
• Negative Sentiment: Hedge fund filings showed notable reductions in Tesla holdings by some managers, and one report warned that a potential SpaceX IPO could pull retail attention and capital away from TSLA. Article Title

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Tesla in a report on Monday, April 27th. Stifel Nicolaus set a $508.00 price objective on Tesla in a report on Thursday, January 29th. Benchmark restated a "buy" rating on shares of Tesla in a report on Wednesday, February 11th. Canaccord Genuity Group boosted their price objective on Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Finally, Phillip Securities reduced their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a report on Wednesday, May 13th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $395.20.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company's stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,213 shares of company stock valued at $32,201,105 over the last 90 days. Corporate insiders own 19.90% of the company's stock.

Tesla Trading Down 2.9%

Shares of NASDAQ:TSLA opened at $409.99 on Tuesday. The company has a market capitalization of $1.54 trillion, a P/E ratio of 376.14, a P/E/G ratio of 16.67 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 company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The business's 50 day simple moving average is $386.50 and its 200 day simple moving average is $417.68.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

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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