Tesla, Inc. $TSLA Position Trimmed by Capital Group Investment Management PTE. LTD.

Key Points

• Capital Group Investment Management PTE. LTD. trimmed its Tesla stake by 3.0% in the fourth quarter, selling 1,996 shares and ending with 65,579 shares valued at about $29.5 million.
• Institutional ownership remains heavy, with hedge funds and other institutions holding 66.2% of Tesla’s stock. Several large managers, including Vanguard, State Street, and Geode, also reported sizable Tesla positions.
• Analysts are mixed on Tesla: the average rating is Hold with an average price target of $404.37, while recent commentary has focused on optimism around autonomous driving and robotics alongside ongoing valuation and competition concerns.

Capital Group Investment Management PTE. LTD. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,579 shares of the electric vehicle producer's stock after selling 1,996 shares during the quarter. Tesla comprises 4.8% of Capital Group Investment Management PTE. LTD.'s portfolio, making the stock its 4th largest position. Capital Group Investment Management PTE. LTD.'s holdings in Tesla were worth $29,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Tesla by 2.6% during 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 buying an additional 6,538,720 shares during the last quarter. State Street Corp lifted its position in Tesla by 0.3% during 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 purchasing an additional 344,162 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $29,426,070,000 after purchasing an additional 375,946 shares during the period. Capital World Investors lifted its position in Tesla by 5.8% during 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. Finally, Norges Bank bought a new position in Tesla during the fourth quarter valued at approximately $17,128,100,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. President Capital increased their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, April 23rd. Mizuho decreased their price target on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. UBS Group increased their price target on shares of Tesla from $352.00 to $364.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Finally, Erste Group Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Friday. Twenty-two equities research 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's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $404.37.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to 'neutral', sees robotics driving long-term growth
• Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
• Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
• Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
• Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm'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 transaction, the director directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 firm's stock in a transaction on 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 $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 55,218 shares of company stock valued at $20,609,455 over the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $391.00 on Friday. The firm has a fifty day moving average price of $395.33 and a 200-day moving average price of $416.06. 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 stock has a market cap of $1.47 trillion, a PE ratio of 358.72, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80. Tesla, Inc. has a 1 year low of $281.85 and a 1 year high of $498.83.

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 during the quarter, compared to analysts' expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal 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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