Lavelle Capital LP Acquires Shares of 70,027 Tesla, Inc. $TSLA

Key Points

• Lavelle Capital LP acquired 70,027 Tesla shares in the first quarter, valued at approximately $26.0 million. Tesla now represents 16.2% of the firm's portfolio, its largest position.
• Institutional investors own 66.2% of Tesla, while major holders including Vanguard, State Street, Geode Capital and Amundi increased their positions. Tesla’s CFO separately sold shares to cover tax withholding obligations tied to vested equity awards.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but its $0.33 EPS missed estimates of $0.50. Analysts’ consensus rating is “Hold,” with an average price target of $402.24 amid concerns over margins, cash flow, robotaxi delays and regulatory scrutiny.

Lavelle Capital LP acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,027 shares of the electric vehicle producer's stock, valued at approximately $26,033,000. Tesla makes up 16.2% of Lavelle Capital LP's investment portfolio, making the stock its biggest position.

A number of other large investors have also recently modified their holdings of TSLA. Vanguard Group Inc. grew its holdings 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 acquiring an additional 6,538,720 shares during the period. State Street Corp raised its position in shares of Tesla by 0.9% in the 4th 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 lifted its stake in shares of 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 valued at $29,426,070,000 after purchasing an additional 375,946 shares during the period. Norges Bank bought a new stake in shares of Tesla during the fourth quarter valued at approximately $17,128,100,000. Finally, Amundi raised its holdings in Tesla by 14.0% in the first 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. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer 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 position. The transaction 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. Corporate insiders own 19.90% of the company's stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Reports that Tesla could separate or sell its China operations to facilitate a potential merger with SpaceX have fueled speculation that investors could gain exposure to a broader artificial-intelligence, robotics and space conglomerate. Elon Musk called the China-sale report “fake news,” however, making the potential transaction highly uncertain. Tesla reportedly might sell its China business ahead of a SpaceX merger
• Positive Sentiment: Tesla’s production of its 10 millionth electric vehicle provides a notable scale milestone and reinforces its long-term manufacturing credentials. Rising global EV demand and higher gasoline prices could also support industry growth. Tesla made its 10 millionth EV
• Positive Sentiment: A broad technology rally, stronger results from Microsoft and Amazon, and an oversold condition helped improve sentiment toward Tesla after its post-earnings selloff. Reports also cited encouraging European safety data for supervised Full Self-Driving. Why is Tesla stock rising
• Neutral Sentiment: Speculation about Tesla and SpaceX merging remains a major valuation catalyst, but no deal has been confirmed. A transaction could expand Tesla’s AI and autonomy narrative while also creating substantial regulatory, geopolitical and execution complexities. A Tesla/SpaceX merger may be on the horizon
• Negative Sentiment: The National Highway Traffic Safety Administration opened a preliminary investigation into approximately 1.2 million Tesla vehicles over reported suspension failures that could cause loss of steering control. Potential recalls, repair costs and additional scrutiny pose risks. US auto safety regulator probes Tesla vehicles
• Negative Sentiment: Investors continue to question Tesla’s robotaxi outlook after Elon Musk missed several previously announced timelines. Delays weaken the near-term case for the company’s exceptionally high valuation and increase pressure on the core EV business. Elon Musk has missed his own robotaxi timelines
• Negative Sentiment: Tesla’s latest quarter showed an EPS miss, sharply lower margins and negative cash flow while capital spending on AI and autonomy is rising. The combination of weaker current earnings and heavy investment is making investors less tolerant of execution setbacks. Tesla after a rough quarter

Tesla Stock Up 0.8%

NASDAQ:TSLA opened at $311.20 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.23 trillion, a P/E ratio of 288.15, a P/E/G ratio of 15.44 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm has a 50-day simple moving average of $389.93 and a two-hundred day simple moving average of $397.91.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS 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 firm had revenue of $28.24 billion for the quarter, compared to analysts' expectations of $26.42 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company's quarterly revenue was up 25.5% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen restated a "buy" rating and set a $460.00 target price (down from $490.00) on shares of Tesla in a report on Thursday, July 23rd. BTIG Research lowered shares of Tesla to a "neutral" rating in a research note on Friday, June 5th. Truist Financial set a $370.00 price objective on shares of Tesla and gave the stock a "hold" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $402.24.

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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