MidFirst Bank Takes Position in Tesla, Inc. $TSLA

Key Points

• MidFirst Bank opened a new Tesla position in the fourth quarter, buying 8,224 shares valued at about $3.7 million.
• Tesla continues to attract major institutional interest, with hedge funds and asset managers such as Vanguard, State Street, Geode, and Norges Bank adding to or initiating positions; institutions now own 66.2% of the company.
• Tesla reported quarterly earnings of $0.41 per share, beating estimates, though revenue came in slightly below expectations; the stock was trading around $400.49 with analysts maintaining a consensus Hold rating.

MidFirst Bank bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 8,224 shares of the electric vehicle producer's stock, valued at approximately $3,698,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 6,538,720 shares in the last quarter. State Street Corp raised its position in shares of 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 purchasing an additional 1,080,085 shares during the period. Geode Capital Management LLC raised its holdings in Tesla by 0.6% during the fourth 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 during the last quarter. Capital World Investors lifted its position 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 valued at $19,583,547,000 after acquiring an additional 2,403,019 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Tesla in the fourth quarter valued at approximately $17,128,100,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of Tesla stock opened at $400.49 on Friday. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $403.33 and its 200-day moving average price is $415.26. The firm has a market capitalization of $1.50 trillion, a PE ratio of 367.42, a price-to-earnings-growth ratio of 16.01 and a beta of 1.80.

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 for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. Sell-side analysts forecast that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company's stock in a transaction 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 sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 company's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 57,824 shares of company stock worth $21,657,588. Company insiders own 19.90% of the company's stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk exercised stock options that lifted his Tesla ownership to 19.9%, reinforcing alignment with shareholders and signaling confidence in the company’s long-term strategy.
• Positive Sentiment: ARK Invest, led by Cathie Wood, bought more Tesla shares, adding to a broader bullish narrative around TSLA as an AI and autonomous-driving leader. Article Title
• Positive Sentiment: Analysts and commentary continue to frame Tesla as more than an EV maker, highlighting its AI, robotaxi, and robotics ambitions, which supports the stock’s premium valuation.
• Neutral Sentiment: Tesla received approval for supervised FSD in Denmark, a modest positive for its European rollout, but the approval is still limited and does not remove broader regulatory hurdles.
• Negative Sentiment: Reuters reported that Sweden may push back against Tesla’s supervised self-driving rollout in Europe unless speed-limit behavior is changed, creating a potential roadblock for FSD expansion. Article Title
• Negative Sentiment: Additional reports flagged “fresh FSD roadblock” concerns in Europe, keeping investor focus on regulatory risk rather than near-term software monetization.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Truist Financial cut their price target on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a report on Thursday, April 2nd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Friday, June 12th. Phillip Securities dropped their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a report on Wednesday, May 13th. Finally, Sanford C. Bernstein upgraded Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $404.37.

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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