RiverFront Investment Group LLC Has $22.46 Million Holdings in Tesla, Inc. $TSLA

Key Points

• RiverFront Investment Group cut its Tesla stake by 16.9% in the fourth quarter, selling 10,156 shares and ending with 49,952 shares worth about $22.46 million.
• Institutional ownership in Tesla remains heavy, with major firms like Vanguard, State Street, and Capital World Investors increasing positions; overall, institutions hold 66.2% of the company.
• Recent Tesla headlines were mixed: the company is investing $250 million in its Berlin Gigafactory, but robotaxi concerns, legal scrutiny in Australia, and insider share sales continue to add pressure.

RiverFront Investment Group LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,952 shares of the electric vehicle producer's stock after selling 10,156 shares during the period. RiverFront Investment Group LLC's holdings in Tesla were worth $22,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. State Street Corp grew its position in Tesla by 0.3% in the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer's stock valued at $50,592,614,000 after acquiring an additional 344,162 shares during the last quarter. Capital World Investors grew its position in 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 during the last quarter. Jennison Associates LLC grew its position in 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 during the last quarter. Finally, Franklin Resources Inc. grew its position in Tesla by 5.8% in the third quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer's stock valued at $2,996,118,000 after acquiring an additional 368,493 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is moving ahead with a $250 million investment in its Berlin Gigafactory, which could expand battery output, add jobs, and support future European production growth. Tesla to Invest $250 Million in Berlin Gigafactory
• Positive Sentiment: New Tesla-linked ETFs are being launched to provide weekly income while still retaining some upside exposure to TSLA, reflecting continued investor demand for the stock. These New Nvidia And Tesla ETFs Want To Deliver Weekly Income Without Fully Sacrificing Upside
• Neutral Sentiment: Elon Musk’s China trip kept Tesla in the spotlight, but the meeting produced no major breakthrough on Full Self-Driving approval or trade terms that investors were hoping for. Tesla Stock Slumps After Trump’s China Trip Ends Without “Material Agreements”
• Neutral Sentiment: Tesla is starting work on a Cybercab car wash in Nevada, signaling progress on robotaxi-related infrastructure, though the project is still early-stage. Tesla (TSLA) to Build Cybercab Car Wash in Nevada as Robotaxi Plans Take Shape
• Negative Sentiment: Robotaxi concerns are intensifying after reports of long wait times, navigation issues, and crashes, reinforcing doubts about Tesla’s timeline for autonomous driving monetization. Tesla robotaxi rollout features long wait times, safety concerns
• Negative Sentiment: An Australian judge sharply criticized Tesla in a class-action case, warning the company could have “a really bad time” if it does not cooperate on document production, adding legal overhang. Australian judge criticises Tesla for 'gobsmacking' slow progress in class action lawsuit

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred 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. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company'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 value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,213 shares of company stock worth $32,201,105 over the last quarter. 19.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent analyst reports. Zacks Research upgraded Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Tuesday, April 21st. President Capital lifted their target price on Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a research report on Monday, April 27th. UBS Group boosted their price target on Tesla from $352.00 to $364.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $508.00 price target on Tesla in a report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $395.20.

Tesla Stock Performance

NASDAQ:TSLA opened at $422.24 on Monday. The stock has a market cap of $1.59 trillion, a P/E ratio of 387.38, a price-to-earnings-growth ratio of 16.67 and a beta of 1.79. 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 stock's 50-day moving average is $386.41 and its 200-day moving average is $418.04. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83.

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