Seven Grand Managers LLC Takes $22.49 Million Position in Tesla, Inc. $TSLA

Key Points

• Seven Grand Managers LLC opened a new Tesla position in the fourth quarter, buying 50,000 shares worth about $22.5 million. Tesla now makes up about 1.7% of the fund’s portfolio.
• Institutional interest in Tesla remains heavy, with major holders like Vanguard, Holocene Advisors, and Capital World Investors also increasing their stakes. Overall, about 66.2% of Tesla shares are owned by institutional investors.
• Tesla’s latest quarterly results showed earnings beat expectations at $0.41 per share, though revenue came in slightly below estimates at $22.39 billion. The stock was also up 1.6% in Thursday trading, while analysts currently have a consensus Hold rating and a $395.20 price target.

Seven Grand Managers LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the electric vehicle producer's stock, valued at approximately $22,486,000. Tesla accounts for about 1.7% of Seven Grand Managers LLC's investment portfolio, making the stock its 18th biggest position.

Several other large investors also recently modified their holdings of TSLA. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 6,538,720 shares during the period. Holocene Advisors LP raised 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 purchasing an additional 3,505,000 shares during the period. Capital World Investors raised 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 purchasing an additional 2,403,019 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in shares of Tesla in the fourth quarter valued at about $748,084,000. Finally, SG Americas Securities LLC raised its position in shares of Tesla by 788.2% in the fourth quarter. SG Americas Securities LLC now owns 1,226,536 shares of the electric vehicle producer's stock valued at $551,598,000 after purchasing an additional 1,088,437 shares during the period. 66.20% of the stock is 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 Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated 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 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. The trade was 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. Insiders have sold 57,482 shares of company stock worth $21,508,331 over the last quarter. Corporate insiders own 19.90% of the company's stock.

Tesla Trading Up 1.6%

Shares of Tesla stock opened at $440.36 on Thursday. The company has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 404.00, a PEG ratio of 17.12 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83. The firm's 50-day moving average price is $390.12 and its two-hundred day moving average price is $416.18.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, analysts forecast that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSLA shares. Tigress Financial started coverage on shares of Tesla in a research report on Monday, April 27th. They issued a "buy" rating on the stock. Roth Mkm restated a "buy" rating on shares of Tesla in a research note on Thursday, April 23rd. Benchmark restated a "buy" rating on shares of Tesla in a research note on Wednesday, February 11th. Stifel Nicolaus set a $508.00 price target on shares of Tesla in a research note on Thursday, January 29th. Finally, Robert W. Baird decreased their price target on shares of Tesla from $538.00 to $522.00 and set an "outperform" rating on the stock in a research note on Friday, April 24th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $395.20.

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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