Northwestern Mutual Wealth Management Co. Decreases Position in Tesla, Inc. $TSLA

Key Points

• Northwestern Mutual Wealth Management cut its Tesla stake by 63.9% in the fourth quarter, selling 198,106 shares and leaving it with 111,831 shares valued at about $50.3 million.
• Other institutional investors remain heavily involved in Tesla, with 66.2% of shares held by hedge funds and institutions overall, while firms like Vanguard, Holocene Advisors, and Jennison Associates increased their positions.
• Tesla recently reported Q1 earnings of $0.41 per share, topping estimates, but revenue of $22.39 billion came in below forecasts; analyst sentiment is mixed, with an average Hold rating and target price of $395.20.

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,831 shares of the electric vehicle producer's stock after selling 198,106 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Tesla were worth $50,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSLA. Vanguard Group Inc. boosted its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock valued at $2,738,141,000 after acquiring an additional 3,505,000 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after acquiring an additional 3,021,550 shares in the last quarter. Capital World Investors lifted its position in shares of Tesla by 5.8% in the third 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, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Tesla in the fourth quarter valued at $748,084,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $409.99 on Tuesday. The firm has a market capitalization of $1.54 trillion, a PE ratio of 376.14, a P/E/G ratio of 16.67 and a beta of 1.79. 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 has a 50-day moving average of $386.50 and a two-hundred day moving average of $417.68. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83.

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

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company'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 in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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 owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. 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 83,213 shares of company stock valued at $32,201,105 over the last 90 days. 19.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. President Capital upped their price objective on Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Wells Fargo & Company reduced their price objective on Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research report on Thursday, January 29th. Canaccord Genuity Group upped their price objective on Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. China Renaissance dropped their target price on Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reiterated a "buy" rating on shares of Tesla in a research note on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and an average target price of $395.20.

Trending Headlines about 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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.