King Luther Capital Management Corp Acquires 27,386 Shares of Tesla, Inc. $TSLA

Key Points

• King Luther Capital Management boosted its Tesla stake by 250.1% in the fourth quarter, buying 27,386 additional shares and bringing its total holding to 38,336 shares valued at about $17.24 million.
• Tesla’s latest quarter showed strong earnings growth, with EPS of $0.41 topping estimates, while revenue rose 15.8% year over year to $22.39 billion despite missing analysts’ revenue forecast.
• Investor sentiment remains mixed: analysts currently rate Tesla a Hold on average, and insiders have sold shares recently, even as news around European sales growth, robotaxi/Optimus potential, and SpaceX speculation supports the bullish narrative.

King Luther Capital Management Corp increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 250.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,336 shares of the electric vehicle producer's stock after acquiring an additional 27,386 shares during the period. King Luther Capital Management Corp's holdings in Tesla were worth $17,240,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TSLA. Networth Advisors LLC bought a new stake in Tesla during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. grew its position in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares during the last quarter. Prism Advisors Inc. bought a new stake in Tesla during the 4th quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Tesla during the 3rd quarter worth approximately $30,000. 66.20% of the stock is currently owned by institutional investors.

Key Stories 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

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction on 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 sale, the director owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 57,482 shares of company stock worth $21,508,331 in the last ninety days. 19.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSLA. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Tesla in a research report on Wednesday, April 22nd. China Renaissance decreased their price objective on Tesla from $382.00 to $372.00 and set a "hold" rating on the stock in a research report on Monday, April 27th. Tigress Financial began coverage on Tesla in a research report on Monday, April 27th. They issued a "buy" rating on the stock. BNP Paribas Exane upgraded Tesla from an "underperform" rating to a "neutral" rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Nineteen 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. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $395.20.

Tesla Stock Performance

TSLA stock opened at $440.36 on Thursday. The business's fifty day moving average is $390.12 and its 200-day moving average is $416.18. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company 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, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The company 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. Equities research analysts forecast that Tesla, Inc. will post 1.2 EPS for the current 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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